Brief: Bilia Acquires Dealer For Land Rover And Jaguar In Oslo

Bilia AB

13/05/2022 09:38

May 13 (Reuters) - Bilia AB  BILIa.ST :
    * ACQUIRES DEALER FOR LAND ROVER AND JAGUAR IN OSLO
    * HAS TODAY REACHED AN AGREEMENT TO ACQUIRE AS INSIGNIA,
WHICH
CONDUCTS SALES AND SERVICE OPERATIONS FOR CAR BRANDS JAGUAR,
LAND ROVER AND MORGAN MOTOR COMPANY IN OSLO
    * ACCESS IS EXPECTED TO TAKE PLACE NO LATER THAN JULY 1,
2022
    * BUSINESS ACQUIRED REPORTED FOR 2021 A TURNOVER OF ABOUT
NOK 450
M WITH AN OPERATING LOSS OF NOK 5 M
    * AGREEMENT IS SUBJECT TO APPROVAL BY NORWEGIAN COMPETITION
AUTHORITY

Source text for Eikon:  ID:nGNE6cHTBk 
Further company coverage:  BILIa.ST 

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