Disposal of Heavy Trucks business

RNS Number : 1135G

Vertu Motors PLC

03 June 2013

 



3 June 2013                                                                                                                       

Vertu Motors plc

Disposal of Heavy Trucks business

Vertu Motors plc, the fast growing automotive retailer with a network of 92 sales and aftersales outlets across the UK, announces that, further to its announcement made on 13 May 2013, it has completed the sale of the trade and certain assets of its three heavy truck operations, which comprise the Iveco sales and aftersales outlets in Bristol, Swindon and Gloucester, to Aquila Truck Centres (Italia) Limited, a wholly owned subsidiary of Aquila Group (UK) Limited. 

For further information please contact:

Vertu Motors plc

Robert Forrester, CEO                                        Tel: [phone]

Michael Sherwin, FD                                           Tel: [phone]

Panmure Gordon (UK) Limited

Hugh Morgan                                                      Tel: [phone]

Callum Stewart

Adam Pollock

Espirito Santo Investment Bank

Peter Tracey

Jamie Richards                                                   Tel: [phone]

FTI Consulting

Billy Clegg                                                          Tel: [phone]

Notes to Editors

Vertu Motors is a fast growing automotive retailer with a network of 92 sales and aftersales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu Honda and Macklin Motors brand names. Manufacturer partners are Alfa Romeo, Chrysler Jeep, Citroen, Fiat, Ford, Honda, Hyundai, Mazda, Nissan, Peugeot, Renault/Dacia, SEAT, Suzuki, Vauxhall and Volvo.

Vertu Motors was established in November 2006 and listed on AIM in December 2006, with the strategy to consolidate the UK motor retail sector. It is intended that the Group will continue to acquire motor retail

operations to grow a scaled dealership group. The Group's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network.

The Group currently operates 91 franchised sales outlets and 1 non-franchised sales operation from 74

locations across the UK.

Vertu Motors group websites - www.vertumotors.com / www.vertucareers.com

Vertu Motors brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.macklinmotors.co.uk

 

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