AP Eagers
(ASX:APE) reports that the ACCC has decided to grant merger authorisation for them to acquire shares in Automotive Holdings Group Limited
(ASX:AHG) under its offer.
The authorisation is subject to AP Eagers’ undertaking, which has been accepted by the ACCC, to divest its car sales company, Kloster Motor Group.
The merger authorisation will take effect on 16 August 2019, once a review period has passed.
Engagement with transaction stakeholders, including manufacturing partners, to secure the appropriate consents for the merger to proceed is well advanced.
Shares in AP Eagers
(ASX:APE) trading 0.2 per cent lower at $10.19.
