Pendragon PLC
05 July 2007
Pendragon announces that it has sold its remaining German dealerships. Over the
past two years Pendragon has reduced the number of dealerships operated in
Germany and has now completed the sale of the business and assets of its
remaining four locations.
The net proceeds of the sale are approximately £6 million. Full details of the
divestment will be included in its first half accounts which will be published
on 7 August 2007.
Enquiries:
Pendragon PLC Trevor Finn, Chief Executive Tel: 01623 725114
David Forsyth, Finance Director
Finsbury Gordon Simpson Tel: 0207 2513801
This information is provided by RNS
The company news service from the London Stock Exchange
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