The UK’s largest vehicle auction company,
British Car Auctions (BCA), is up for sale. Its owner Montagu
Private Equity is reportedly seeking £600 million for the business,
which sells over 800,000 vehicles a year.
A spokesman for BCA said: “Montagu has
appointed UBS to undertake a strategic review of its options with
regard to BCA.
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“It is business as usual at BCA and we
continue to service our customers’ needs at the high levels they
have come to expect.”
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