Vertu Motors Plc announces acquisition

 

  • The company has announced the acquisition of four Volkswagen passenger car dealerships in Yorkshire.
  • Total consideration for the transaction is approximately £8 million
  • The acquisitions will be accretive to earnings of the company in the year ending 28 February 2021
  • On 16th January 2020, at the time of writing, GMT 12:26 PM, VTU shares were trading at GBX 37.10, up by 1 point or 2.77% compared to the previous day closing price