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BRIEF-Automotive Group Holdings updates on divestment of COVS to GPC Asia pacific

Published 18/02/2016, 04:37 pm
© Reuters.  BRIEF-Automotive Group Holdings updates on divestment of COVS to GPC Asia pacific
AHG
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Feb 18 (Reuters) - Automotive Group Holdings Ltd AHG.AX :

* Update on divestment of covs to gpc Asia pacific AHG.AX

* Proceeds of revised transaction are estimated at $36 to 37million including goodwill, inventory and assets

* Revised price is offset by ahg retaining four stores at Albany, esperance, karratha and port hedland

* Says original transaction proceeds were estimated at $43 to 45million

* Source text for Eikon ID:nASXc87xX0

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