Acquisition of Musa Motors, Russia - Inchcape
Acquisition of Musa Motors, Russia - Inchcape
Acquisition of Musa Motors, Russia - Inchcape
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Transaction rationale<br />
• <strong>Russia</strong> is a core market for <strong>Inchcape</strong>:<br />
• High growth market (+ >60% in 2007, foreign brands)<br />
• Scale sites<br />
• Strong pr<strong>of</strong>it margins<br />
• Provides immediate, significant scale to existing <strong>Inchcape</strong><br />
operations<br />
• Broadens premium brand coverage<br />
• Pr<strong>of</strong>essional management team<br />
• Springboard for next stage <strong>of</strong> growth<br />
<strong>Acquisition</strong> provides scale platform in Moscow to increase<br />
Group’s exposure to continued strong <strong>Russia</strong>n growth<br />
4
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