Lithia to buy Pendragon
US group Lithia has agreed to buy Pendragon’s UK auto retail and leasing operations, including the Evans Halshaw and Stratstone divisions, for £280 million. Under the agreement, the Pendragon PLC business will continue as a listed company, but operating only its Pinewood software business. It will be renamed Pinewood Technologies PLC. Lithia Motors will pay […]
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