The firm said it has sealed a deal to sell the operation, which employs 3,600 people across more than 80 sites, to US-based rival Group 1 Automotive.
He added: “The board has therefore concluded it is the right time for a new owner to take this business forward.” Mr Tait added: “This transaction aligns with our strategic priorities, simplifies our business and represents a compelling opportunity to deliver meaningful returns to our shareholders.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Inchcape to sell UK car dealership business for £346mThe firm plans to return around £100 million to shareholders through a share buyback after the sale is completed.
Herkunft: Observer_Owl - 🏆 18. / 72 Weiterlesen »