Announced
Synopsis
KlyuchAvto, a vehicle retailer, agreed to acquire the Toyota and Audi retail operations in St. Petersburg of Inchcape, an independent multi-brand automotive distributor, for £70m ($98m). The transaction is conditional upon final OEM partner and regulatory approvals, and is expected to complete in the second-quarter. The proceeds from the disposal will be deployed consistent with Inchcape's strategy to grow the core distribution business.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
By continuing, you agree to our Terms & Conditions and our Data Privacy Policy
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.