Back to Blog
Auto comment facebook app7/23/2023 ![]() It has been listed on the LSE since 1973. Lookers was founded in 1908 as a bicycles retailer before pivoting to sell cars. Arm has snubbed London as it pursues a listing and mining group WE Soda recently hit out at British investors after cancelling plans to list here. Irish construction group CRH is shifting its listing from London to New York while Paddy Power-owner Flutter is also considering a US listing. ![]() The move will come as a further blow to the London Stock Exchange (LSE), which is battling to remain globally relevant amid a raft of take-private deals and a string of companies moving their listings to the US. The company said it negotiated an all-cash deal with Alpha Auto Group, an Ontario-based car dealership chain, that values the company at £465m, a 35pc premium to its closing share price on Monday. British car dealership Lookers has been taken private by a Canadian rival after 50 years as a London-listed company, marking the latest blow to the City’s stock market.
0 Comments
Read More
Leave a Reply. |