£504m Lookers Alpha Auto deal finalised
11 October 2023
Alpha Auto Group affiliate Global Auto Holdings has completed its £504m deal to buy Lookers. The takeover of Lookers’ 147 retailers in the UK and Ireland formally closed last Friday.
In its initial bid, Global said “there may be some restructuring required” in certain corporate and support functions, due to the transition away from public ownership, but it has “no intention of making other employee or management changes”.