Business & Finance
Car Dealer Global Auto Is Said to Weigh Toronto IPO This Year
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Car Dealer Global Auto Is Said to Weigh Toronto IPO This Year Global Auto Holdings Ltd., the owner of car dealer franchises including the UK’s Lookers, is exploring an initial public offering in Toronto, according to people familiar with the matter. The company, which also owns Canada’s Alpha Auto Group and Wismo Group in the Nordic region, is weighing going public as soon as this year, the people said, asking not to be identified as the details aren’t public.
Car Dealer Global Auto Is Said to Weigh Toronto IPO This Year
Global Auto Holdings Ltd., the owner of car dealer franchises including the UK’s Lookers, is exploring an initial public offering in Toronto, according to people familiar with the matter.
The company, which also owns Canada’s Alpha Auto Group and Wismo Group in the Nordic region, is weighing going public as soon as this year, the people said, asking not to be identified as the details aren’t public. Global Auto has built the business through acquisitions, most recently Mercedes Benz AG’s Berlin-Brandenburg branch in May, which has seven locations and more than 1,100 employees.
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