Major shareholder blocks £460m Pendragon takeover talks
One of Pendragon’s five major shareholders has blocked a takeover bid launched for the AM100 car retail PLC by “a large international corporate”.
Source: am-online.com
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One of Pendragon’s five major shareholders has blocked a takeover bid launched for the AM100 car retail PLC by “a large international corporate”.
Pendragon chief executive Bill Berman has said that an anticipated £33 million underlying first-half pre-tax profit will give the car retail PLC “good momentum” for H2 2022.
Pendragon has broadened the footprint of its Sell Your Car and Click and Collect used car retail services with the opening of 10 Carstore Direct sites at Morrisons and Homebase stores across the UK.