SG Fleet Group (ASX:SGF) confirmed it has satisfied the relevant consent contracts condition for its proposed acquisition by Westmann Bidco, following the receipt of necessary consents, approvals, amendments, exemptions, and waivers from all relevant counterparties, according to a Thursday filing with the Australian bourse.

The board continues to recommend that shareholders vote in favor of the proposed acquisition, subject to the absence of a superior proposal and an independent expert's conclusion that it is in the best interests of shareholders, the filing said.

The deal is still subject to shareholder and court approvals, the filing added.