14 October 2021 - acquisition

Shares in Marshall Motors have risen strongly since our update last week when the price was 220p.  In line with other companies in the sector, the group has benefited from the strong pricing of second hand cars and the pent up demand from consumers.  It has now announced that it has strengthened its portfolio with the purchase of Motorline Holdings, a multi-franchise dealer based in Canterbury in Kent.  The acquisition is being made for £64.5m to be funded from the group's cash resources.  Motorline operates through a number of counties in the South . . .

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