-

FLEETCOR Exits Russia

Launches $450 Million Accelerated Share Repurchase

ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the sale of its Russia business to a local investment group. The transaction divests all of FLEETCOR’s operations in Russia.

“We concluded the sale of our Russia business this week and are now completely out of the market. We are also announcing the launch of a $450 million ASR to buyback FLEETCOR stock,” said Ron Clarke, Chairman and CEO of FLEETCOR Technologies, Inc.

The company also announced that it has entered into an Accelerated Share Repurchase (“ASR”) program with Bank of America, N.A. to repurchase shares of common stock under its current share repurchase authorization. Approximately 80 percent of the shares expected to be repurchased under the transaction will be received by FLEETCOR on August 21, 2023. The total number of shares ultimately repurchased under the program will be determined upon final settlement and will be based on a discount to the volume-weighted average price of FLEETCOR’s common stock during the ASR period. FLEETCOR anticipates that all repurchases under the ASR will be completed by the end of the third quarter of 2023.

Terms of the sale were not disclosed.

About FLEETCOR®
FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that helps businesses spend less by providing innovative solutions that control expense-related purchasing and payment processes. The FLEETCOR portfolio of brands automate, secure, digitize and manage payment transactions on behalf of businesses across more than 100 countries in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.

Contacts

Investor Relations
Jim Eglseder, 770-417-4697
Jim.Eglseder@fleetcor.com

Media Relations
Chad Corley, 770-729-5021
Chad.corley@fleetcor.com

FLEETCOR Technologies, Inc.

NYSE:FLT

Release Versions

Contacts

Investor Relations
Jim Eglseder, 770-417-4697
Jim.Eglseder@fleetcor.com

Media Relations
Chad Corley, 770-729-5021
Chad.corley@fleetcor.com

More News From FLEETCOR Technologies, Inc.

Corpay Appoints New Chief Financial Officer

ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a leading global business payments company (“Corpay”), today announced the appointment of Peter Walker as Chief Financial Officer (“CFO”), effective July 21, 2025. “We are excited to welcome Peter to Corpay. We believe Peter’s mix of public and entrepreneurial company CFO experience will help him to contribute immediately. Peter’s got great potential and will be a terrific partner in helping us to run the business,” said Ron Clarke, Corpay’s...

Corpay Named to Newsweek’s List of 2025 Global Most Loved Workplaces®

ATLANTA & NEW YORK--(BUSINESS WIRE)--Newsweek Magazine recently announced the 2025 Top 100 Global Most Loved Workplaces®, developed in partnership with Most Loved Workplace®, a division of Best Practice Institute (BPI). – Corpay, Inc. (NYSE: CPAY), a leading corporate payments company, was ranked #39 on this prestigious list, which highlights companies across the globe where employees genuinely love to work. The Top 100 Global Most Loved Workplaces® list is based on research from BPI’s Love of...

Corpay to Participate in Upcoming Investor Conferences

ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) a global leader in corporate payments, today announced that the Company will participate in the following investor conferences: On Tuesday, May 20, 2025, the Company will be attending the 15th Annual Barclays Emerging Payments and FinTech Forum in New York, NY. Management will participate in a fireside chat beginning at 8:00 AM ET. On Tuesday, June 3, 2025, the Company will be attending the Baird 2025 Global Consumer, Technology & Service...
Back to Newsroom