Eagers Automotive Limited completed the acquisition of Portfolio of dealerships and key properties in Melbourne, Victoria from NGP Victoria Dealership Group for AUD 250 million.
Eagers Automotive Limited (ASX:APE) entered into a non-binding agreement to acquire Portfolio of dealerships and key properties in Melbourne, Victoria for AUD 240 million on October 10, 2023. The transaction is subject to customary conditions precedent including approval of shareholders of Eagers Automotive Limited, OEM consent, finalization of due diligence, transaction documentation, finance approval and landlord consents. As of November 15, 2023 Eagers Automotive Limited executed binding agreements with group of companies associated with Nick Politis.
Eagers Automotive Limited (ASX:APE) completed the acquisition of Portfolio of dealerships and key properties in Melbourne, Victoria from NGP Victoria Dealership Group million on February 29, 2024. HWL Ebsworth Lawyers Pty Ltd. acted as the legal advisor to NGP Victoria Dealership Group.