18th Feb 2008 09:44
Inchcape PLC18 February 2008 For immediate release Inchcape plc Possible acquisition Further to recent press speculation, the Board of Inchcape plc ("Inchcape"), theleading independent, international automotive retailer, confirms that it is inearly stage, exclusive discussions regarding the possible acquisition of MusaMotors, a leading Russian automotive retailer based in the Moscow region. Thetransaction, if concluded, is expected to be funded by existing debt facilities. A further announcement will be made when appropriate. 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 About Inchcape 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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