Pendragon: Pendragon completes NewCo2 sale to Lithia for GBP397 million

(marketscreener.com) 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 Technologies. Pendragon is a Nottingham, England-based automotive dealer. In September, the company agreed to sell Pendragon NewCo 2, which holds its UK motor business...https://www.marketscreener.com/quote/stock/PENDRAGON-PLC-4006641/news/Pendragon-completes-NewCo2-sale-to-Lithia-for-GBP397-million-45863500/?utm_medium=RSS&utm_content=20240201