Fleetcor Is Said to Explore Prepaid Card Sale Amid Review

Fleetcor Technologies Inc., which offers fuel cards to vehicle fleets, is exploring a sale of its prepaid card business, according to people with knowledge of the matter.

The unit could be valued at about $500 million to $1 billion in a sale, the people said, asking not to be identified discussing private information. Fleetcor is working with financial advisers on the potential divestiture, the people said.

Deliberations are ongoing and Fleetcor could opt to retain the prepaid card business, they added.

Fleetcor fell 1.1% to $231.21 at 1:25 p.m. in New York trading Tuesday, giving the company a market ...