An unknown buyer acquired 32.5% stake in ECAF I LuxCo S.à r.l. from Element Fleet Management Corp. (TSX:EFN) for CAD 97.2 million on April 12, 2019. The proceeds from the sale along with cash raised from the disposition of ninteenth Capital assets will be used to reduce the refinancing requirement of the 2020 convertible debt maturity. An unknown buyer completed the acquisition of 32.5% stake in ECAF I LuxCo S.à r.l. from Element Fleet Management Corp. (TSX:EFN) on April 12, 2019.