Pendragon PLC on Thursday said that it had completed the sale of its dealership and leasing business to Lithia Motors Inc, marking the beginning of its transformation into Pinewood.
The Financial Conduct Authority has given the go-ahead for US-based Lithia Motor's takeover of the motor retail part of Pendragon, including its Pendragon Finance and Insurance Services Limited business.
Pendragon PLC on Thursday said the Financial Conduct Authority approved a change of control of the firm s finance and insurance services arm, a step on the way to the disposal of its wider UK motor.
Pendragon says UK watchdog clears deal as Lithia pact looms lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.