car sales

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Inchcape plc (LON:INCH) today announced that Stefan Bomhard, who joined the Group as CEO in 2015, has resigned from the company to take up a position as CEO at Imperial Brands plc. The Board will now commence a succession process and Stefan’s departure date will be announced in due course. Stefan Bomhard, Group CEO said: “It has been a privilege to …

Inchcape

Inchcape Acquire Mercedes-Benz Passenger car and private vans Distribution in Colombia

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Inchcape plc (LON: INCH), the leading independent multi-brand Automotive distributor with global scale, announced today that it has agreed to acquire Daimler’s Mercedes-Benz passenger car and private vans distribution operations in Colombia, currently operated by Daimler Colombia S.A. The transaction enterprise value, which is undisclosed, represents approximately 8x 2019E EV/EBIT. This follows the announcement made on 7th November 2019 that …

Inchcape plc Reports significant strategic progress

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Inchcape plc (LON: INCH), the leading independent multi-brand Automotive Distributor and Retailer with global scale, has released its Trading Update covering the period from 1st July 2019 to 30th September 2019. TRADING FOR THE THREE MONTHS TO 30 SEPTEMBER 2019 · Good revenue growth; Group revenue £2.4bn, up 5% in actual currency and 3% in constant currency · No change …

Inchcape Sells Fleet Solutions for £100m

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Inchcape plc (LON: INCH), the leading independent multi-brand automotive Distributor with global scale, has announced that it has agreed to sell its Inchcape Fleet Solutions business to Toyota Fleet Mobility GmbH for total cash consideration of £100m. It follows recent disposals of less productive dealerships in the UK, and Retail-only disposals in Australia and China. Inchcape is focused on its …

Inchcape PLC Mainland China Retail Disposals for £54m agreed

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Transaction Highlights: Exit of the Retail-only business in mainland China with three sites disposed Refocusing of Asia regional resource on Distribution markets Inchcape plc (LON: INCH), the leading independent multi-brand Automotive Distributor with global scale, today announced that it has agreed to sell its three Retail sites in mainland China to China Yongda Automobiles Services Holdings Limited for net cash …