Monday, October 23, 2006
Pendragon gets OFT green light
The Office of Fair Trading has decided to accept Pendragon’s offer to shed a number of dealerships in four areas in the UK.
The consumer watchdog said the decision sufficiently address the competition concerns which arose from the completed acquisition by Pendragon of Reg Vardy earlier this year.
The sites include Vauxhall dealerships in West Yorkshire, central Scotland and Hartlepool, and a Land Rover dealership in Northamptonshire.
Vincent Smith, senior director for competition at the OFT, said: “We are content that the divestments offered by Pendragon will, when implemented, address our competition concerns in this transaction.”
DATED: 23.10.06
FEEDL: MT
The consumer watchdog said the decision sufficiently address the competition concerns which arose from the completed acquisition by Pendragon of Reg Vardy earlier this year.
The sites include Vauxhall dealerships in West Yorkshire, central Scotland and Hartlepool, and a Land Rover dealership in Northamptonshire.
Vincent Smith, senior director for competition at the OFT, said: “We are content that the divestments offered by Pendragon will, when implemented, address our competition concerns in this transaction.”
DATED: 23.10.06
FEEDL: MT
