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News: AHG Automotive Group Holdings updates on divestment of COVS to GPC Asia pacific

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    18/02/16
    16:39
    Post #: 17056410

    Feb 18 (Reuters) - Automotive Group Holdings Ltd (AHG) :

    • Update on divestment of covs to gpc Asia pacific (AHG)
    • Proceeds of revised transaction are estimated at $36 to 37million including goodwill, inventory and assets
    • Revised price is offset by ahg retaining four stores at Albany, esperance, karratha and port hedland
    • Says original transaction proceeds were estimated at $43 to 45million
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