Automotive services group Inchcape has rejected calls from its largest shareholder Guinness Peat Group (GPG) for it to enter into a controlled break-up - revealing instead it will return £45m to shareholders.
Inchcape has blasted strategic investment company GPG’s proposal as “inappropriate” and believes its new strategy “will deliver greater value for the shareholders of Inchcape than a break up of the...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
