Autosports Group (ASX:ASG) chief executive Nick Pagent has told shareholders in the listed company’s annual report that its corporate strategy remains focussed on the luxury market and it is poised for further growth in the 2024 financial year (FY24).
Autosports Group has confirmed that it has completed its acquisition of Auckland City BMW Ltd. The group has taken over 100% of Auckland City BMW’s shares, for the sum of $70m. Auckland City BMW Ltd comprises four Auckland dealerships.
Australia’s Autosports Group Ltd has acquired three New Zealand dealerships as part of an AU$63.6m ($70.4m) purchase.
