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ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), the corporate payments company, today announced it is divesting one of its legacy lower growth private label fuel card portfolios. Corpay expects to receive approximately $60 million in proceeds from the divestiture and free up approximately $35 million of working capital. Corpay plans to redeploy the capital towards its acquisition of Alpha ...
Corporate payments company Corpay plans to accelerate its entry into investment funds by acquiring Alpha Group International, a provider of B2B cross-border foreign exchange (FX) solutions to corporations and investment funds in the United Kingdom and Europe.
Shares in Alpha Group International PLC (AIM:ALPH) have leapt 25% after the board agreed to a takeover by NYSE-listed business payments firm Corpay Inc in an all-cash deal. Shareholders in the company formerly known as Alpha FX will receive 4,250p per share in cash, valuing the company at approximately £1.8 billion.
ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), the corporate payments company, today announced it has reached agreement on the terms of a recommended cash acquisition of Alpha Group International plc (LSE: ALPH) (“Alpha”). The acquisition values Alpha at an enterprise valuation of approximately $2.2 billion (£1.6 billion). Alpha is a leading provider of B2B cross border FX solutions to co...
WICHITA, Kan.--(BUSINESS WIRE)--Corpay Lodging, formerly known as CLC Lodging, just dropped its biggest mobile upgrade yet. Meet the new Corpay Lodging mobile app—a cleaner, smarter, more powerful way for workforce travelers to book and manage hotel stays on the go. Starting today, Corpay Lodging members can download the redesigned app for free on iOS and Android. Whether you're booking travel ...
TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with the FIM World Supercross Championship, the premier championship for international stadium supercross racing, to become their Official Foreign Exchange (FX) Partner. Through this partnership, World Supercross wi...
ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) a global leader in corporate payments, today announced that the Company will host a conference call to discuss second quarter 2025 financial results on Wednesday, August 6, 2025 at 5:30 pm ET. Hosting the call will be Ron Clarke, Chief Executive Officer, Peter Walker, Chief Financial Officer and Jim Eglseder, Investor Relations. A press relea...
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