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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Inchcape still committed to London listing despite £346m UK retail arm sale

Inchcape United Kingdom London Adrian Lewis United States

Car distribution firm Inchcape reaffirmed its commitment to the London Stock Exchange even as it sold its UK dealerships to a US firm for £346 million,  leaving it with no remaining British operations.

The firm sold its UK dealerships to focus on distribution - the step between the manufacturer and dealer, which includes marketing, pricing and warehouse management. These operations, it said, offer higher margins.

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