4th Jun 2007 09:00
Inchcape PLC04 June 2007 INCHCAPE DISPOSAL OF INCHCAPE AUTOMOTIVE LIMITED TO CAMDEN VENTURES LIMITED Inchcape plc ("Inchcape"), the leading independent, international automotivedistributor and retailer, today announces the sale of the entire issued sharecapital of Inchcape Automotive Limited ("the Company") together with certainfreehold property occupied by the Company to Camden Ventures Limited for aconsideration of up to £18.8m to be satisfied in cash. 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 Eastern Europe, the Baltics, Russia and South America. In addition to growing its core businesses, Inchcape is looking to develop scale operations in new and emerging 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 core brand partners are Audi, BMW,Honda, Mazda, Mercedes-Benz, PAG, 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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