Sale of three Honda dealerships

RNS Number : 8220M

Lookers PLC

25 January 2016

 

25 January 2016

Lookers plc

Sale of three Honda dealerships

Lookers plc, one of the leading UK motor retail and aftersales service groups, has completed a transaction with Vertu Motors plc ("Vertu") for the sale of three Honda dealerships in Derby, Nottingham and Stockton-On-Tees. The rationale for the sale is that Vertu already operate Honda dealerships in contiguous territories to these businesses. The sale proceeds of the transaction were approximately £2.0m, received in cash.

For further information:

Lookers plc	Telephone: [phone]
Andy Bruce, Chief Executive
Robin Gregson, Finance Director
Tavistock	Telephone:  [phone]
Emma Blinkhorn, Matt Ridsdale

 

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