16th Oct 2007 12:07
Inchcape PLC16 October 2007 16th October 2007 Inchcape plc Further progress in UK disposal programme Inchcape plc, ('Inchcape' or 'the Group') the world's leading car retailerannounces that, in accordance with its stated strategy to dispose of certainnon-core UK assets, it has sold the entire issued share capital of WilcomaticLimited and J&S Components Limited. These businesses were part of EuropeanMotor Holdings plc. In addition, in accordance with its undertakings to the Office of Fair Trading,Inchcape has completed the sale of its VW retail centre in Wrexham. The total consideration for these disposals is £6.8m. ends 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 is the leading independent, international automotive retailer, withscale operations in Australia, Belgium, Greece, Hong Kong, Singapore and the UK.The Group also has operations in a number of other markets, including EasternEurope, the Baltic's, Russia and South America. In addition to growing its corebusinesses, Inchcape is looking to develop scale operations in new and emergingregions. It represents leading automotive brands and operates either a retail,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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