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Pendragon Group

Completion of Sale of Mission Viejo, California

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RNS Number : 2746E
Pendragon PLC
03 July 2019
 

Pendragon PLC

("Pendragon" or the "Company")

Completion of Sale of Mission Viejo, California

Further to the announcement on 2 May 2019 concerning the disposal of certain dealerships from the US Motor Group, Pendragon is pleased to announce the sale of its Jaguar Land Rover motor vehicle dealership in Mission Viejo, California. The transaction completed on 1 July 2019 following the fulfilment of all closing conditions with the total proceeds for the Company valued at £28.2m. 

The transaction is in line with the Company's stated strategy of disposing of its US Motor Group and work on the remaining disposals continues. 

Enquiries

Howard Lee

Headland

0203 805 4822

Henry Wallers

Headland

0203 805 4822

 

 

  


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Quick facts: Pendragon Group

Price: £0.11

Market: LSE
Market Cap: £149.19 m
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