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Autosports Group Limited (ASX:ASG)

ALERT: Price-sensitive ASX Announcement for ASG
Current share price for ASG : $1.655 -1.475 (-47.12%)+
Announcement
Release
26 Feb 2026 8:21AM
Price at Release
$3.130
Full Release
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Summary
Autosports Group Limited announced the acquisition of Solitaire Automotive Group, a long-standing luxury dealership group in Adelaide, South Australia. The acquisition, valued at approximately $50 million, marks Autosports Group's entry into the South Australian market. Solitaire Automotive Group, representing brands such as Aston Martin, Audi, and Jaguar Land Rover, reported around $300 million in revenue. The acquisition is expected to be immediately accretive and involves a mixture of cash and ASG shares. Completion is anticipated by April 2026, pending regulatory approvals.
Key Points
  • Autosports Group to acquire Solitaire Automotive Group.
  • Acquisition valued at approximately $50 million.
  • Solitaire Automotive generates about $300 million in revenue.
  • Acquisition marks entry into South Australian market.
  • Deal includes cash and ASG shares as consideration.
  • Completion expected by April 2026, subject to approvals.
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.