Brief: British Automotive Holding Unit And Folwark Samochodowy Terminate Dealership And Servicing Deal

British Automotive Holding w Upadlosci SA

18/03/2020 08:22

March 18 (Reuters) - British Automotive Holding SA
 BAHP.WA :
    * SAID ON MONDAY THAT ITS UNIT BRITISH AUTOMOTIVE POLSKA HAS
SIGNED AN AGREEMENT WITH FOLWARK SAMOCHODOWY DEALERSHIP
TERMINATING THE DEALERSHIP AND SERVICE DEAL UNDER WHICH SALES
AND SERVICING FOR JAGUAR AND LAND ROVER CARS ARE CARRIED OUT IN
KIELCE 
    * THE TERMINATION AGREEMENT IS EFFECTIVE MARCH 31
    * THE REASON FOR TERMINATION IS A CHANGE IN THE DEALERSHIP'S
BUSINESS SITUATION WHICH MAKES IT IMPOSSIBLE TO CONTINUE
ACTIVITIES AIMED AT ADJUSTING THE DEALERSHIP FACILITY TO JAGUAR
LAND ROVER REQUIREMENTS PREVENTING CONTINUING COOPERATION 
    * GROUP'S REVENUE FROM SALES TO FOLWARK SAMOCHODOWY IN 2019
AMOUNTED TO ABOUT 7 MILLION ZLOTYS
    * UNIT'S STRATEGY ASSUMES CONSTANT AND ACTIVE PRESENCE ON
ŚWIĘTOKRZYSKIE VOIVODESHIP MARKET, SO IMMEDIATE ACTIONS WILL BE
TAKEN TOWARDS ESTABLISHING COOPERATION WITH NEW LOCAL PARTNER

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMbjXYs1a
    
 Further company coverage:  BAHP.WA  
   


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