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Autosports Group Limited (ASX:ASG)
ALERT: Price-sensitive ASX Announcement for ASG
Current share price for ASG : $1.565 -2.865 (-64.67%)+
Announcement
Release
21 Nov 2025 8:53AM
Price at Release
$4.430
Full Release
Summary
Autosports Group Limited (ASX: ASG) has entered into an agreement to acquire ten Barry Bourke Motors dealerships in Victoria for approximately $34 million. This strategic acquisition aims to enhance collaboration with leading car manufacturers such as Audi, Jaguar Land Rover, and Volvo Cars, while securing key market locations. The acquisition involves $29 million for goodwill and $5 million for net tangible assets, with part of the payment being made in ASG shares. The transaction is expected to be immediately earnings accretive and is set to complete in December 2025, pending necessary approvals.
Key Points
- Autosports Group to acquire 10 Barry Bourke Motors dealerships.
- Acquisition valued at approximately $34 million.
- Deal includes dealerships for Audi, Jaguar Land Rover, Volvo Cars, and others.
- Part of the purchase consideration paid in ASG shares.
- Expected to be immediately earnings accretive.
- Completion scheduled for December 2025.
- Transaction subject to approval from vehicle manufacturers.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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