Lookers plc (LON:LOOK), One of the region’s best known motor dealers is set to become the latest acquisition for the country’s biggest car dealership chain, reports say.
Lookers is reported to be close to announcing a deal to buy Washington-based Jennings Group, which has bases around the North East. Lookers is the country’s largest motor dealer with sales of £4.6bn and is well-known in the North East after its £87m acquisition of Newcastle’s Benfield Motors three years ago.