Peter Warren Automotive to acquire Penfold Motor Group for $104m

 Peter Warren Automotive Holdings (ASX: PWR) is making good on the acquisition strategy outlined in the prospectus for its April 2021 listing, reaching a deal to acquire Melbourne-based family dealership Penfold Motor Group for $104 million.

The acquisition is set to give Peter Warren immediate scale in Victoria thanks to Penfold's 10 sites in south and east Melbourne, comprising an $88 million cash payment and $16 million worth of new PWR scrip for the vendors.

Read More: https://www.businessnewsaustralia.com/articles/peter-warren-automotive-to-acquire-penfold-motor-group-for--104m.html




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