ASG acquires Brighton Jaguar Land Rover
Autosports Group acquires Brighton Jaguar Land Rover
Autosports Group Limited (ASX: ASG), through its wholly owned subsidiary, has entered into agreements with the Stillwell Motor Group (SMG) to purchase the Brighton Jaguar Land Rover business and the underlying property at 363-407 Nepean Highway, Brighton East.
Brighton Jaguar Land Rover is a luxury car dealership, which will build on the Group’s recently acquired Sydney City Jaguar Land Rover business and is a strategic fit to the Group’s growth strategy.
Autosports Group is delighted to secure another Jaguar Land Rover business and looks forward to strengthening its relationship with Jaguar Land Rover. Completion of the business and property acquisitions, which are interdependent, is scheduled for 25 January 2021.