IN BRIEF: Marshall Motor shareholder mulls sale of 64% interest

Marshall Motor Holdings PLC - Cambridge-based automotive retailer - Confirms that Marshall of ...

Alliance News 26 November, 2021 | 6:15PM
Email Form Facebook Twitter LinkedIn RSS

Marshall Motor Holdings PLC - Cambridge-based automotive retailer - Confirms that Marshall of Cambridge Holdings Ltd, which holds a 64% interest in Marshall Motor, is considering a possible sale of its entire stake in the company following a strategic review of Marshall of Cambridge's business interests.

Marshall Motor has taken no action to contact any potential suitors, but it has received a request from Constellation Automotive Group - the owner of BCA Marketplace - to take part should a sale process be initiated.

Marshall Motor said that there is no certainty that any formal offer for the company will be made.

Current stock price: 274.00 pence, down 3.2% on Friday

Year-to-date change: up 95%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Marshall Motor Holdings PLC 397.00 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.