AP Eagers (ASX:APE) completes Kloster Motor Group sale

01Nov

AP Eagers (ASX:APE) completes Kloster Motor Group sale

 

AP Eagers (ASX:APE) completed its sale of the Kloster Motor Group business to the Tony White Group yesterday.

The sale of the business satisfies the undertaking AP Eagers gave to the Australian Competition and Consumer Commission in order to secure regulatory approval for its merger with Automotive Holdings Group.

AP Eagers purchased Kloster Motor Group back in 2007.

The sale generated an expected profit before tax of approximately $20 million.

Shares in AP Eagers (ASX:APE) are trading 0.9 per cent lower at $12.13.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

26Sep

Stocks of the Hour: Lake Resources, Talon Energy, Actinogen Medical

26 Sep 2023 - A snapshot of the stocks on the move, featuring Lake Resources (ASX:LKE), Talon Energy (ASX:TPD) and Actinogen Medical (ASX:ACW).

Read More
26May

APN Convenience REIT (ASX:APN) spends $10.2m on Coles Express

26 May 2020 - APN Convenience REIT (ASX:APN) has acquired two Coles Express service stations, with the $10.2 million of acquisitions lifting its portfolio value to $425 million.

Read More
14Sep

BrainChip’s (ASX:BRN) Akida design is validated

14 Sep 2020 - Computer chip player BrainChip (asx:brn) says it has validated the design of its Akida Neuromorphic System-on-Chip (NSoC) design with functional silicon.

Read More
13Aug

Telstra (ASX:TLS) to pay dividend despite 14.4% profit drop

13 Aug 2020 - Telstra (ASX:TLS) has reported a 14.4% drop in net profit after tax to $1.8 billion, taking the telco’s total income to a loss of 5.9% to $26.2 billion.

Read More
22Apr

Stocks of the Hour: Base Resources, Lanthanein Resources, Orion Minerals, Novonix

22 Apr 2024 - A snapshot of the stocks on the move, featuring Base Resources, Lanthanein Resources, Orion Minerals and Novonix.

Read More
31Dec

Cimic completes 50% sale of Thiess

31 Dec 2020 - Cimic (ASX:CIM) has completed the sale of 50% of Thiess, the world's largest mining services provider.

Read More
10Sep

Strike Energy sees significant upgrade of Kingia Gas

11 Sep 2019 - Strike Energy (ASX:STX) reports a significant upgrade to the view of the Kingia sandstone conventional gas discovery at West Erregulla-2.

Read More
16Nov

CSL (ASX:CSL) to build a new vaccine manufacturing plant

16 Nov 2020 - Global biotechnology leader CSL (ASX:CSL) today announced that Seqirus, a wholly owned subsidiary of CSL, plans to invest more than $800 million in the construction of a new biotech manufacturing facility in Melbourne.

Read More
13Oct

Stocks of the Hour: LBT Innovations, Selfwealth, Lucapa Diamond Co

13 Oct 2023 - A snapshot of the stocks on the move, featuring LBT Innovations (ASX:LBT), Selfwealth (ASX:SWF) and Lucapa Diamond Co (ASX:LOM).

Read More
18Feb

Origin Energy’s (ASX:ORG) profit falls to $13 million

18 Feb 2021 - Origin Energy (ASX:ORG) reports a 10 per cent drop in revenue to $6.1 billion with their total profit for falling 98 per cent to $13 million for the half year ending 31 December 2020.

Read More