Paragon to sell Specialist Fleet Services unit for GBP85.6 million

marketscreener.com· June 22, 2026

Paragon Banking Group has announced the sale of its Specialist Fleet Services (SFS) business for a total consideration of GBP 85.6 million. This divestment marks a strategic shift for the financial institution as it exits a specialized niche within the contract hire and fleet maintenance market. The move is significant for the fleet management sector as it signals a change in ownership for a key provider of municipal and specialist vehicle solutions.

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