Inchcape to sell UK car dealership business for £346m

  • 📰 Observer_Owl
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

The firm plans to return around £100 million to shareholders through a share buyback after the sale is completed.

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.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 18. in BE

Belgique Dernières Nouvelles, Belgique Actualités