F&I Management & Training

Trefick, the private investment vehicle controlled by entrepreneur Jack Petchey has taken a 21.2% stake in dealer group Lookers. The company has acquired 38,711,800 ordinary shares of 5p each in the company, representing approximately 21.31% of the company's issued share capital. All shares are voting shares, one vote one share. The 83-year-old entrepreneur has a background in the motor trade as an Austin Morris dealer and a track record of investing in dealer groups. Mr Petchey is a philanthropist whose Jack Petchey Foundation has given grants of more than £60 million to charities working with young people in east London.

DATED: 21.01.09

FEED: AW