Politis finalises Barloworld buy

Nick Politis buys one of Australia’s largest Volkswagen dealerships in a $130m deal.

Car dealership king Nick Politis has finalised an agreement with listed South African company Barloworld to buy one of Australia’s largest Volkswagen dealerships in a deal worth about $130 million.

Mr Politis, who is chairman of Sydney Roosters rugby league club, bought the business through his private company WFM Motors. The purchase, flagged by The Australian this month, is understood to have been finalised on Tuesday.

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