Peter Warren Automotive buys three NSW dealerships for $45m

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More than a year after splashing out $104 million to purchase Penfold Motor Group, car retailer Peter Warren Automotive Holdings (ASX: PWR) has announced it is continuing its consolidation strategy with the acquisition of three dealerships in New South Wales.

In a deal worth $45 million, the company will acquire Peter Warren Toyota at Warwick Farm, Bathurst Toyota and Bathurst Volkswagen – all of which are majority owned by the Warren family, who are also significant…

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