Acquisition of Musa Motors, Russia - Inchcape
Acquisition of Musa Motors, Russia - Inchcape
Acquisition of Musa Motors, Russia - Inchcape
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Expected financial effects<br />
• Immediately earnings enhancing*<br />
• Satisfies Group IRR criteria<br />
• Financed from within Group’s existing debt facilities<br />
• Tangible assets as at 31 December 2007:<br />
- US$59m <strong>of</strong> property at current market value<br />
- US$23m <strong>of</strong> working capital<br />
*This statement is not intended to constitute a pr<strong>of</strong>it forecast for the financial year ended 31 December 2008 or for any other period. In addition,<br />
this statement should not be interpreted to mean that earnings per share (before any one-<strong>of</strong>f costs and amortisation <strong>of</strong> intangible assets) will<br />
necessarily be greater than those for the relevant preceding financial period. 17
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