Summary
CASH-strapped motor dealer Pendragon has hit back at market rumours that it has been looking to sell its Chatfields truck division in an attempt to slash some of its debt.
Chief executive Trevor Finn said: 'We have not been looking to sell Chatfields and we are not looking to do so.' However, a source close to the company said a management team had looked to sell Chatfields in a desperate attempt to avoid breaking banking covenants next year, but it had not appointed external advisors.See the full content of this document
Extract
Pendragon Denies Truck Division Sale
Chatfields, one...
See the full content of this document
Sponsored links
