Automotive Holdings Group sells interest in motorcycle business

Company News

by Rachael Jones

Automotive Holdings Group (ASX:AHG) has completed the sale of its interest in Motorcycle Distributors Australia.

They sold the share to Austrian-based company KTM Sportmotorcycles.

This was first announced to the market on the 6th June.

Just last week the company announced a proposal to divest Kloster Motor Group to assist in securing ACCC authorisation for merger with AP Eagers (ASX:APE).

Shares in Automotive Holdings Group (ASX:AHG) closed 0.74 per cent lower yesterday at $2.69.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.