AM Online

Anonymous bidder wants HR Owen

HR Owen has confirmed that it has received an indicative offer for the company from an external party.

The dealer group made it clear in a statement to the stock market that ‘it may or may not lead to a formal offer for the company’.

HR Owen has 11 sites and represents Alfa Romeo, Bentley, Bugatti, Ferrari, Lamborghini, Maserati and Rolls-Royce. It also has BMW and Volvo sites, but announced this week it was looking to dispose of them.

Industry observers believe Sytner Group would be a good fit as the anonymous bidder. It already represents several of HR Owen’s brands and fits with the group's recently revealed strategy of just focussing on its premium brands.

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