Wednesday, March 19, 2008
Bentley acquires shock 28 per cent stake in HR Owen
Bentley has surprised the automotive industry by acquiring a 27.9 per cent stake in luxury car dealer group HR Owen.
The stake is thought to be worth around £9m and was acquired from Neville Crichton, the Australian based luxury car importer who had been steadily amassing shares in the group through his Balverona holding company.
HR Owen chief executive Nick Lancaster welcomed the move and said it would remove speculation over the future ownership of the group.
DATED: 19.03.08
FEED: MT
