Inchcape plc (LSE:INCH) announces an agreement to 60% stake in CATS Group of Companies on January 17, 2023. The remaining 40% being owned by CATS' founding Ang family and its associates, who will also continue to be represented on the CATS Board, by Felix Ang, and in the management team. The transaction remains subject to customary conditions with completion anticipated in the second half of 2023.