News: AHG AP Eagers Offers To Divest Kloster Motor Group To Assist In Securing ACCC Authorisation...

July 5 (Reuters) - Ap Eagers Ltd (APE) :

• PROPOSAL TO DIVEST KLOSTER MOTOR GROUP TO ASSIST IN SECURING ACCC AUTHORISATION FOR MERGER WITH AUTOMOTIVE HOLDINGS GROUP
• OFFERED TO DIVEST KLOSTER MOTOR GROUP TO ASSIST IN SECURING REGULATORY AUTHORISATION FOR AP EAGERS' PROPOSED MERGER
• OFFER TO DIVEST KLOSTERS IS TO SATISFY AN UNDERTAKING AP EAGERS IS PROPOSING TO PROVIDE TO ACCC
• ENTERED HEADS OF AGREEMENT WITH TONY WHITE GROUP FOR SALE OF KLOSTERS AT AN ESTIMATED SALE PRICE OF $54 MILLION

Source text: bit.ly/2Xosjie

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