Eagers Automotive largest shareholder Nick Politis will pocket $245m after selling his private portfolio of Victorian dealerships and properties to the ASX-listed company.
The portfolio is across Melbourne and the Mornington region and is owned by a group of companies associated with Mr Politis who is an Eagers’ Board member with a 27 per cent stake in the company.
The Eagers’ acquisition will add about $1bn to its annual turnover and 770 employees to the…
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