Wednesday, June 06, 2007
Inchcape sells logistics arm in multi-million pound deal
Inchcape has disposed of its logistics arm in a £18.8m deal.
The business includes a transportation division
Inchcape Automotive, which includes a vehicle transportation division, has been acquired by Camden Ventures, one of the UK's largest dealer groups.
The deal also includes some freehold property but full details have not been disclosed.
Inchcape has embarked on a divestment programme in a bid to focus on expanding its international car retailing business.
The group has plans to increase its presence in the emerging markets and already operates businesses in Russia and the Baltic states.
The dealer group harbours plans to expand in China as well.
DATED: 06.06.07
FEED: MT
The business includes a transportation division
Inchcape Automotive, which includes a vehicle transportation division, has been acquired by Camden Ventures, one of the UK's largest dealer groups.
The deal also includes some freehold property but full details have not been disclosed.
Inchcape has embarked on a divestment programme in a bid to focus on expanding its international car retailing business.
The group has plans to increase its presence in the emerging markets and already operates businesses in Russia and the Baltic states.
The dealer group harbours plans to expand in China as well.
DATED: 06.06.07
FEED: MT
