19th Oct 2016 15:05
LONDON (Alliance News) - Car dealer Caffyns PLC said Wednesday it has acquired a parcel of land in Kent for a cash consideration of GBP1.1 million.
Caffyns said the land adjoins its current operations in Ashford and is intended to be used to further its used car operation, Caffyns Cars. The company noted the consideration will be satisfied from its existing bank facilities.
Shares in Caffyns were up 2.7% at 539.00 pence Wednesday.
By Adam Clark; [email protected]
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