Inchcape is working with bankers at Rothschild on the sale of its UK dealerships network, which comprises 70 sites and employs 3,700 people, Sky News learns.
By Mark Kleinman, City editor @MarkKleinmanSky
Inchcape, the London-listed car dealer, is exploring a sale of its UK retail business – a deal that would herald another phase in the industry’s ownership shake-up.
Sky News has learnt that Inchcape has begun sounding out prospective buyers of its domestic operations in recent weeks.
Bankers at Rothschild have been hired to oversee talks with bidders, with analysts suggesting on Monday that the UK retail arm would be valued at several hundred million pounds.
The division consists of 70 sites, employing…
