Rich Lister Nick Politis has enjoyed a $290 million surge in personal wealth in the past two months after a jump in the share price of car dealership group AP Eagers as it closes in on full control of rival Automotive Holdings Group.
AP Eagers had raced to 79.8 per cent of AHG on Monday morning as more shareholders accept the all-scrip offer to create Australia's biggest automotive dealership company with 229 locations and 12 per cent of the new car market.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
