ACCC Puts Handbrake On AP Eagers Buyout Of AHG
The proposed $2.3 billion takeover by AP Eagers (APE) for Automotive Holdings (AHG) – the country’s two biggest car dealers – is in trouble with the competition regulator, the ACCC.
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Dealers Hit As Car Buyers Hit The Brakes
The soft retailing environment that has already seen a number of companies downgrade forecasts, or even collapse, has caught up with Australia’s two big listed car dealership companies which have downgraded their profit forecasts in the past two days because of softness in new vehicle sales.
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