TDR Capital to buy car auctioneer BCA Marketplace for $2.4 billion

FAN Editor 5 years ago
FILE PHOTO: Imported cars are parked in a storage area at Sheerness port, Sheerness
FILE PHOTO: Imported cars are parked in a storage area at Sheerness port, Sheerness, Britain, October 24, 2017. REUTERS/Peter Nicholls/File Photo

June 26, 2019

(Reuters) – British private equity firm TDR Capital on Wednesday said it offered to buy car auctioneer BCA Marketplace for about 1.91 billion pounds ($2.42 billion).

The offer of 243 pence per share is a premium of about 25% to BCA’s closing price on June 19.

(Reporting by Shariq Khan in Bengaluru; Editing by Rashmi Aich)

Free America Network Articles

Leave a Reply

Next Post

TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case

Wed Jun 26 , 2019
FILE PHOTO – The logo of energy engineering group TechnipFMC is seen on top of the company’s building in Courbevoie at the financial and business district of La Defense near Paris, France, May 14, 2018. REUTERS/Charles Platiau June 26, 2019 PARIS (Reuters) – Oil services company TechnipFMC said it would […]

You May Like