Inchcape agrees £346m sale of UK 小売 arm to Group 1 自動推進の

  • Inchcape said the sale would help it 焦点(を合わせる) on 存在 a 配当-焦点(を合わせる)d group
  • It ーするつもりであるs to spend £100million of proceeds from the 取引,協定 on a 株 buyback?

Inchcape 計画(する)s to sell its UK 小売 操作/手術s to US car dealership 巨大(な) Group 1 自動推進の in an all-cash 取引,協定 価値(がある) around £346million.

The group said the sale would help it 焦点(を合わせる) on becoming a 配当-焦点(を合わせる)d 商売/仕事 covering fields like 兵たん業務, 製品 planning and aftersales.

It ーするつもりであるs to spend £100million of proceeds from the 取引,協定 on a 株 buyback programme, with the 残りの人,物 used to 財政/金融 未来 growth, 引き継ぎ/買収s and 有機の 投資.

Disposal: Inchcape said the sale of its UK retail operations to Group 1 Automotive would help it focus on becoming a distribution-focused business

処分: Inchcape said the sale of its UK 小売 操作/手術s to Group 1 自動推進の would help it 焦点(を合わせる) on becoming a 配当-焦点(を合わせる)d 商売/仕事

In January,?Inchcape said it was 'reviewin g 戦略の 選択s' for the UK 商売/仕事, such as a 可能性のある 処分, に引き続いて 報告(する)/憶測s the group had 雇うd 銀行業者s from Rothschild to 監督する discussions with 可能性のある 買い手s.

The 分割 雇うs around 3,600 people across over 80 場所/位置s, and earned £2.1billion in 歳入 last year while 地位,任命するing a £49million adjusted operating 利益(をあげる).

Once its sale is 完全にするd, Inchchape's 配当 activities will account for more than 99 per cent of its total 歳入 and operating 利益(をあげる).

Inchcape 心配するs finalising the 処理/取引 during the third 4半期/4分の1 of 2024, 扶養家族 on 財政上の 行為/行う 当局 是認.

Duncan Tait, 長,指導者 (n)役員/(a)執行力のある of Inchcape, said: 'With our active international 拡大 into higher value 配当 activities, the 戦略の importance of the UK 小売 操作/手術s has become 限られた/立憲的な.

'The board has therefore 結論するd it is the 権利 time for a new owner to take this 商売/仕事 今後.'

He 追加するd: 'In Group 1, our UK 小売 操作/手術s will have a new owner with a strong 跡をつける 記録,記録的な/記録する of 産業 growth, 存在するing presence and 小売 experience in the UK market, a nd a strong balance sheet.'

Headquartered in Houston, Texas, Group 1 runs just over 200 car dealerships and 265 franchises across the UK and US and sells over 35 brands, 範囲ing from BMW to Ford, Land Rover and Nissan.

The 会社/堅い 達成するd its highest-ever 年次の turnover of $17.9billion last year, helped by solid growth at its British arm and 記録,記録的な/記録する sales of used and new 乗り物s.

Inchcape 株 rose 3.9 per cent to 725.5p on Monday morning に引き続いて the 引き継ぎ/買収 告示, but have flatlined since the year started.