British car dealer Inchcape called the selling price of the Russian company
April 28, 2022
0
British company Inchcape, which owns a network of car dealers in Russia, announced the sale. According to the AvtoVzglyad portal, the buyers were domestic managers who worked for
British company Inchcape, which owns a network of car dealers in Russia, announced the sale. According to the AvtoVzglyad portal, the buyers were domestic managers who worked for the British.
“We have agreed to sell the Russian company to local management, which will continue to be led by the current executive and financial directors,” Inchcape’s official statement said.
The deal is reportedly set to close in May this year. The prize will be €76 million. New entrepreneurs will pay off the headquarters in annual installments over five years. Inchcape specifically noted that the company will not return to Russia in the future.
The company’s Russian branch currently owns more than 20 car dealerships in Moscow and St. Petersburg. It is a distributor of brands such as Rolls-Royce, BMW, Chery, EXEED, Hyundai, Infiniti, Jaguar, Land Rover, MINI, Mitsubishi, Toyota and Volvo.
“We have agreed to sell the Russian company to local management, which will continue to be led by the current executive and financial directors,” Inchcape’s official statement said.
The deal is reportedly set to close in May this year. The prize will be €76 million. New entrepreneurs will pay off the headquarters in annual installments over five years. Inchcape specifically noted that the company will not return to Russia in the future.
The company’s Russian branch currently owns more than 20 car dealerships in Moscow and St. Petersburg. It is a distributor of brands such as Rolls-Royce, BMW, Chery, EXEED, Hyundai, Infiniti, Jaguar, Land Rover, MINI, Mitsubishi, Toyota and Volvo.
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.