Completion of Sale of Mission Viejo, California
Updated : 07:02
This regulatory news is for Private Investors only
RNS Number : 2746E
Pendragon PLC
03 July 2019
Pendragon PLC
("Pendragon" or the "Company")
Completion of Sale of Mission Viejo, California
Further to the announcement on 2 May 2019 concerning the disposal of certain dealerships from the US Motor Group, Pendragon is pleased to announce the sale of its Jaguar Land Rover motor vehicle dealership in Mission Viejo, California. The transaction completed on 1 July 2019 following the fulfilment of all closing conditions with the total proceeds for the Company valued at £28.2m.
The transaction is in line with the Company's stated strategy of disposing of its US Motor Group and work on the remaining disposals continues.
Enquiries | ||
Howard Lee | Headland | 0203 805 4822 |
Henry Wallers | Headland | 0203 805 4822 |
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