Corpay Inc. (CPAY) is selling a lower growth private label fuel card portfolio, expecting $60 million in proceeds and freeing up $35 million in working capital. The capital will be used for the acquisition of Alpha Group International plc. The transaction is set to close in the fourth quarter of 2025, with an immaterial impact on earnings. This move will allow Corpay to focus on more profitable ventures and strategic growth opportunities.

Read more at Nasdaq: Corpay To Divest Legacy Fuel Card Portfolio