Lookers car group expands again

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

Lookers car group expands again

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.