Friday, July 06, 2007

Pendragon pulls £6m on German dealerships

PENDRAGON HAS confirmed that the proceeds from the sale of its four German retail outlets, amounted to approximately £6m.
It was confirmed that German retailer, Emil Frey Gruppe, bought Pendragon's remaining German dealerships.
Over the past two years Pendragon has gradually reduced the number of its loss-making dealerships operated in Germany.

DATED: 06.07.07

FEED: AW





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