June 16, 2013

Berjaya expands car dealership

Berjaya Philippines has acquired in total 7.04  M ordinary shares of stock constituting 29.81% of the total issued and fully paid shares of stock in H.R. Owen at an acquisition cost of approximately P540.36  M. H.R. Owen, which is listed in the London Stock Exchange, operates a number of vehicle franchises in the prestige and specialist car market.

It is involved both sales and aftersales of brands like Aston Martin, Audi, Bentley, BMW, Bugatti, Ferrari, Lamborghini, Lotus, Maserati, Mini, Pagani and Rolls-Royce, predominantly in the London area. - WealthSec