25th Jan 2016 07:00
25 January 2016
Lookers plc
Sale of three Honda dealerships
Lookers plc, one of the leading UK motor retail and aftersales service groups, has completed a transaction with Vertu Motors plc ("Vertu") for the sale of three Honda dealerships in Derby, Nottingham and Stockton-On-Tees. The rationale for the sale is that Vertu already operate Honda dealerships in contiguous territories to these businesses. The sale proceeds of the transaction were approximately £2.0m, received in cash.
For further information:
Lookers plc | Telephone: 0161 291 0043 |
Andy Bruce, Chief Executive | |
Robin Gregson, Finance Director | |
Tavistock | Telephone: 020 7920 3150 |
Emma Blinkhorn, Matt Ridsdale
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