ASG to acquire BMW car businesses in Melbourne

ASG Melbourne, a subsidiary of Autosports Group, has entered into a deal to purchase several luxury vehicle businesses in Victoria.

According to reports, ASG is expecting to pay $46 million for a number of automotive businesses.

The deal includes the purchase of the businesses operating as Doncaster BMW, Bundoora BMW, BMW Motorrad Doncaster, and BMW Motorrad Bundoora.

The deal is also subject to a number of conditions – including approval by BMW Australia Financial Services.