Bilia has initiated negotiations to acquire a BMW and MINI dealer in Belgium. The dealership includes the companies Verstraeten NV and Gent Store by Verstraeten BVBA. The companies are located in Flandern and have an annual turnover of about SEK 750 M.
A potential deal would increase Bilia’s presence in Belgium, which is in line with the growth strategy for Bilia.
We have chosen to disclose information on the ongoing negotiations due to rumours circulating in Belgium. Further information will be provided if the deal is concluded.
Gothenburg, 13 August 2018
Bilia AB (publ)
For further information, please contact CEO Per Avander or CFO Kristina Franzén,
Bilia AB, tel: +46 10 497 70 00.
This is information that Bilia AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 13 August 2018, at 08:45 a.m. CET.
__________________________________________________________________________________________________________________
Bilia offers car sales, service and supplementary services and is one of Europe’s largest car
chains with operations in Sweden, Norway, Germany, Luxembourg and Belgium. Bilia reported a turnover of SEK 27.5 bn in 2017 and had 4,708 employees.
Attachment
