Super Group Buys Sandown Motors W. Cape Dealership Business

May 18, 2016


Purchase price for dealership 492m-512m rand, to be settled from cash resources.

* Co. to also buy vehicle inventory est. at 580m rand to be financed by primary facility from Mercedes-Benz Financial Services South Africa, secondary facility from Wesbank, unit of FirstRand Bank;
* Also purchases property for 200m rand to be financed by local financial institution. Source: Bloomberg