F&I Management & Training

Inchcape has announced that on 25 January, the second closing date of its offer for European Motor Holdings, it commanded almost 94 per cent of EMH’s existing issued ordinary share capital.This comprised approximately 70 per cent of valid acceptances of EMH shares plus the near 25 per cent already owned by the bidder. Inchcape said the offer would remain open for acceptance until 6 February for all conditions to be met but having acquired a stake exceeding 90 per cent, it can compulsorily buy the remaining shares.

DATED: 29.01.07

FEED: MT