19th Dec 2007 14:14
Inchcape PLC19 December 2007 INCHCAPE PLC ACQUISITION OF 75.1% SHAREHOLDING IN AUDI AND PEUGEOT RETAIL BUSINESSES IN ST PETERSBURG Further to the announcement on 4 October 2007, Inchcape plc, the world's leadingcar retailer, is pleased to confirm it has completed its acquisition of a 75.1%shareholding in OOO Concord, a Peugeot retail business, and OOO Orgtekhstroy, anAudi retail business, in St Petersburg. For further information, please contact: Group Communications, Inchcape plc+44 (0) 20 7546 0022 Investor Relations, Inchcape plc+44 (0) 20 7546 8432 Financial Dynamics (Jonathon Brill/Billy Clegg)+44 (0) 20 7831 3113 Notes to editors Inchcape plc Inchcape plc is the leading independent, international automotive retailer, withscale operations in Australia, Belgium, Greece, Hong Kong, Singapore and theUK. The Group also has operations in a number of other markets, includingEastern Europe, the Baltics, Russia and South America. In addition to growingits core businesses, Inchcape is looking to develop scale operations in new andemerging regions. It represents leading automotive brands and operates either aretail, or a vertically integrated retail model (i.e. exclusive distribution andretail), depending on the market. Inchcape's current key manufacturer partnersare Toyota/Lexus, Subaru, BMW, Mazda, Mercedes-Benz, Volkswagen, Audi and Honda. For further information, visit us at www.inchcape.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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