Pendragon shares surge after £250m sale of UK car dealerships agreed
The group’s share price was up by more than 25% on Monday morning after the deal was announced.
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The group’s share price was up by more than 25% on Monday morning after the deal was announced.
Hedin Automotive has expanded its representation with premium brands after acquiring Stephen James Group for an undisclosed sum.
Sweden-based Anders Hedin has said he will seek expansion in the UK since gaining his first businesses here with the Mercedes-Benz brand.
Turin, 30th March 2023. Iveco Group (MI: IVG) and Hedin Mobility Group AB (publ), a leader in the distribution of vehicles and spare parts in the Nordic region and internationally, announced today
Pendragon suitor Hedin Mobility Group has secured a foothold in the UK car dealership sector with the acquisition of four franchise points from Mercedes-Benz Retail Group.