Friday, May 16, 2008
HR Owen welcomes Bentley move
Luxury dealer group makes announcement in AGM
HR Owen used last week’s AGM to formally welcome Bentley’s decision to acquire a major stake in the listed company and predicted a strong second quarter for the downsized group.
In March Bentley Motors became its main shareholder after buying Australian car distribution company Balverona’s 27.9 per cent stake.
Through its Jack Barclay site in central London, Bentley is HR Owen’s largest manufacturer partner.
“There had been a great deal of potentially destabilising speculation regarding the company’s ownership,” said chairman John MacArthur.
He said the group’s restructure of its business had led to an encouraging start to the year.
DATED: 16.05.08
FEED: MT
HR Owen used last week’s AGM to formally welcome Bentley’s decision to acquire a major stake in the listed company and predicted a strong second quarter for the downsized group.
In March Bentley Motors became its main shareholder after buying Australian car distribution company Balverona’s 27.9 per cent stake.
Through its Jack Barclay site in central London, Bentley is HR Owen’s largest manufacturer partner.
“There had been a great deal of potentially destabilising speculation regarding the company’s ownership,” said chairman John MacArthur.
He said the group’s restructure of its business had led to an encouraging start to the year.
DATED: 16.05.08
FEED: MT
