Rich Lister Nick Politis' fortune is on the rise with auto merger plan

Simon EvansSenior reporter

Apr 8, 2019 – 2.08pm

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key Points

Moelis Australia thinks the combined entity could get to $10-plus per share.
Nick Politis owns 36.3 per cent of AP Eagers and is a director
The ACCC says it will be having a ''close look''.

Rich Lister Nick Politis' personal fortune has risen already from the proposed AP Eagers buyout of ailing Automotive Holdings Group, but it could go higher still with one analyst predicting a combined value per share of over $10.

But the Australian Competition and Consumer Commission has indicated a potentially tough stance on a region-by-region basis for an enlarged entity that would have a total market share of 12 per cent of new vehicle sales.

Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide.