BENTLEY TO TAKE 27.9% STAKE IN HR OWEN
Posted 22nd March, 2008 in Bentley | Leave a comment
Volkswagen-owned Bentley has agreed to buy a 27.9 percent stake in the luxury car dealer HR Owen. The deal will make Bentley the largest shareholder in HR Owen.
The identity of the seller has not been revealed, but according to Reuters, Bentley is likely to have bought the shares owned by Balverona, the Australian vehicle wholesaler that had previously been seen as a possible bidder for HR Owen. The UK-based company was founded in 1932 by Captain Harold Rolfe Owen, and is also the UK’s largest dealer of Lamborghinis and Bugattis.
A spokesman for Bentley said that it has no plans to increase the stake further…
[Source: Automotive Business Review]
Add Your Comments