PropertyEU

Car dealer in property sale and leaseback deal

By A staff reporter 2006-11-29T00:00:00

Pendragon, the UK-based car dealership, plans to raise £238.9 mln to reduce debt through a sale and leaseback deal of 81 of its properties to a joint venture owned by the Pendragon Group and NWPI. There will also be a five-for-one stock split.

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