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Disposal of Heavy Trucks business

3rd Jun 2013 09:07

RNS Number : 1135G
Vertu Motors PLC
03 June 2013
 



3 June 2013

Vertu Motors plc

 

Disposal of Heavy Trucks business

Vertu Motors plc, the fast growing automotive retailer with a network of 92 sales and aftersales outlets across the UK, announces that, further to its announcement made on 13 May 2013, it has completed the sale of the trade and certain assets of its three heavy truck operations, which comprise the Iveco sales and aftersales outlets in Bristol, Swindon and Gloucester, to Aquila Truck Centres (Italia) Limited, a wholly owned subsidiary of Aquila Group (UK) Limited.

 

 

For further information please contact:

 

Vertu Motors plc

Robert Forrester, CEO Tel: 0191 491 2111

Michael Sherwin, FD Tel: 0191 491 2114

 

Panmure Gordon (UK) Limited

Hugh Morgan Tel: 020 7886 2500

Callum Stewart

Adam Pollock

 

Espirito Santo Investment Bank

Peter Tracey

Jamie Richards Tel: 020 7456 9191

 

FTI Consulting

Billy Clegg Tel: 020 7 269 7170

 

 

 

 

 

Notes to Editors

Vertu Motors is a fast growing automotive retailer with a network of 92 sales and aftersales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu Honda and Macklin Motors brand names. Manufacturer partners are Alfa Romeo, Chrysler Jeep, Citroen, Fiat, Ford, Honda, Hyundai, Mazda, Nissan, Peugeot, Renault/Dacia, SEAT, Suzuki, Vauxhall and Volvo.

 

Vertu Motors was established in November 2006 and listed on AIM in December 2006, with the strategy to consolidate the UK motor retail sector. It is intended that the Group will continue to acquire motor retail

operations to grow a scaled dealership group. The Group's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network.

The Group currently operates 91 franchised sales outlets and 1 non-franchised sales operation from 74

locations across the UK.

 

Vertu Motors group websites - www.vertumotors.com / www.vertucareers.com

Vertu Motors brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.macklinmotors.co.uk

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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