SALE OF TWO BUSINESSES TO VER

RNS Number : 4507T

Lookers PLC

28 September 2010

 



28 September 2010

LOOKERS plc

SALE OF TWO BUSINESSES TO VERTU MOTORS plc

Lookers plc, one of the leading UK motor retail and aftersales services groups announces that it has exchanged contracts to sell two dealerships through the sale of the trade and certain assets to Vertu Motors plc ("Vertu"). The maximum consideration payable by Vertu is £3.9m to be settled in cash and completion is expected to take place on 4 October 2010.

Enquiries:

Lookers	Telephone:  [phone]
Peter Jones, Chief Executive
Robin Gregson, Finance Director
Hudson Sandler	Telephone:  [phone]
Nick Lyon/Kate Hough

 

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