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Lookers sells three Honda dealerships

25 January 2016 07:22

Car dealer Lookers has completed a transaction with Vertu Motors plc for the sale of three Honda dealerships in Derby, Nottingham and Stockton-On-Tees.

The rationale for the sale is that Vertu already operate Honda dealerships in contiguous territories to these businesses.

The sale proceeds of the transaction were approximately GBP2.0m, received in cash.

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