25 Jan 2016 07:00
RNS Number : 8220M
Lookers PLC
25 January 2016
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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LOOK.L (LOOK)
Vertu (VTU)