Lookers car group expands again

* Buys Bramall and Jones VW Ltd * 2 million deal * Car owners' rights unaffected...

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Jim Holder
16 Apr 2008 10:20 | Last updated: 14 Jun 2018 00:03

One of the UKs largest motor retail groups, Lookers, is set to expand further after announcing it is buying Bramall and Jones VW Limited in a 2 million deal.

The company comprises two Volkswagen businesses and a contract hire and leasing company.

A Lookers statement said: 'This will increase our representation of Volkswagen from nine to 11 outlets. In addition, it gives us an entry into the contract hire market with an experienced management team and a fleet of approximately 1500 vehicles.'

The deal is expected to be completed on May 1 and is subject to shareholder approval because 51% of the company is owned by Tony Bramall, who is also a director of Lookers.

The deal will not affect the rights of anyone who has bought a car from the sold dealerships, or who leases a car through Bramall and Jones.

Pendragon remains the UK's largest car retailer group.