Hedin Mobility Group withdrew its offer to acquire the remaining stake in Pendragon for £303m.

Hedin Mobility Group, one of Europe's largest privately owned mobility providers, withdrew its offer to acquire the remaining stake in Pendragon, the second largest motor retailer in the United Kingdom, for £303m. "Given the challenging market conditions and uncertain economic outlook, Hedin confirms that it does not intend to make an offer for Pendragon," Hedin Mobility Group.