2nd Oct 2007 16:09
Inchcape PLC02 October 2007 FOR IMMEDIATE RELEASE 2 October 2007 Inchcape plc completes disposal of Ferrari and Maserati businesses in the UK Inchcape plc the world's leading car retailer announces that, in accordance withits stated UK strategy to dispose of non-core assets it has sold its network ofFerrari and Maserati businesses in the UK for a combined cash consideration of£15.8 million. Ends 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 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 core brand partners are Audi, BMW,Honda, Mazda, Mercedes-Benz, Subaru, Toyota/Lexus and Volkswagen. 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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