Acquisition

Lookers PLC 18 June 2001 LOOKERS PLC STRENGTHEN THEIR PRESENCE IN SOUTH EAST WITH PURCHASE OF BROADFIELDS Lookers plc, a leading national operator in the UK's retail motor industry is pleased to announce the acquisition of Broadfields Land Rover business situated in Bishops Stortford. Located in a prominent main road position on Dunmow Road, the new facility is in an adjacent territory to the well established Lookers Land Rover businesses in Chelmsford and Hadleigh. Graham Kimberley, Lookers Land Rover Franchise Director will be in overall charge of the new facility. The acquisition of Broadfields strengthens Lookers representation with Land Rover, bringing the total to three franchises in the South East. Together with the Land Rover dealership operated by Charles Hurst in Belfast the Group now operates four of the top Land Rover dealerships in the UK. Fred Maguire, Chairman, Lookers plc, commented: 'I am delighted with the purchase of Broadfields. The acquisition not only strengthens our position in the South East but also means that we are well placed for the future allocation of franchises from the Premier Automotive Group'. Enquiries: Fred Maguire Lookers plc. Telephone: 0161 291 0043 Penny Davis Hudson Sandler. Telephone: 020 7796 4133

Companies

Lookers (LOOK)
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