Vertu Motors – 40.5p

14 January 2013 – acquisition

The group has continued its expansion programme with the purchase of a Vauxhall dealership in Keighley, West Yorkshire.  The cost of the acquisition is £1.1m and will be paid in cash.  Following this, the group will have 14 Vauxhall outlets and takes the number of outlets in Yorkshire to six as it seeks to grow scale in the region.  We maintain our recommendation of BUY.

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