Two of M&G's funds have jointly purchased 18 car auction sites across the UK for a total of £240m.
The sites are currently leased to British Car Auctions (BCA) and M&G's purchase will see the continuation of the deal, which expires in 2031. BCA specialises in auctioning second-hand vehicles i...
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, 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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
