Sytner Group agreed the 69.4% majority shareholding in William Jacks from Johan Holding Berhad (JHB) in December 2005 for just under £7m. The remaining share capital buy-out was later finalized on January 31 – subject to UK stock exchange rulings.
Adair, who recently turned 60, has been in the automotive industry for 42 years, 32 of which were with William Jacks, after joining in 1974.
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