2 November 2023 - acquisition
The leading UK motor retail group has announced that is has expanded its operations in the South West with the purchase of Rowes Garage Limited, a leading Honda dealer. The acquisition brings in four sales outlets in locations including Plymouth and Truro and will expand the number of Honda outlets in the group to 17. Vertu is paying £6.2m but will acquire freehold properties with a value of £3.6m as part of the transaction. The purchase will be funded from the group's existing cash resources. Although the acquisition will be loss-making in . . .
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