A combined AP Eagers and AHG would have 229 new car dealerships in Australia
AP eagers already has 28.8 per cent of AHG
Rich Lister Nick Politis holds 36 per cent of AP Eagers
"Bigger is better" is the strategy driving merger plans to create a $1.8 billion car dealership giant through AP Eagers' scrip buyout of rival Automotive Holdings Group, says chief executive Martin Ward.
Mr Ward, who runs AP Eagers, based in Brisbane, says the all-scrip offer for AHG, headquartered in Perth, will help both groups navigate tougher conditions in a sector where margins are under pressure and new vehicle sales are on the skids.
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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
