2nd Aug 2007 07:00
Pendragon PLC02 August 2007 No: 565 Pendragon PLC ("Pendragon") Acquisition of 19 dealerships for £17 million Pendragon announces it has acquired the assets of 19 motor dealershippredominantly in Yorkshire from the Dixon Motor Group. These are all volumedealerships which will be rebranded Evans Halshaw. The consideration will be approximately £17 million and is subject to finalcompletion accounts. Trevor Finn, Chief Executive, said: "In April we said that the current market conditions would offer Pendragonopportunities to make attractive acquisitions, and today's announcement is inline with these comments. The dealerships are high quality assets, whichstrengthens Pendragon's position as the UK's leading car retailer in aconsolidating market." Enquiries:- Trevor Finn, Chief Executive - 01623 725 114David Forsyth, Finance Director Finsbury: Rollo Head - 020 7251 3801Gordon Simpson This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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