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Automotive Holdings Group Ltd (AHG.AX)

AHG.AX on Australia Stock Exchange

3.64AUD
23 Sep 2019
Change (% chg)

$-0.05 (-1.36%)
Prev Close
$3.69
Open
$3.72
Day's High
$3.76
Day's Low
$3.59
Volume
157,319
Avg. Vol
687,869
52-wk High
$3.83
52-wk Low
$1.39

Latest Key Developments (Source: Significant Developments)

AP Eagers Says It Now Has A Relevant Interest In 92.7620% Of Ahg Shares
Tuesday, 17 Sep 2019 

Sept 17 (Reuters) - Automotive Holdings Group Ltd ::NOW HAS A RELEVANT INTEREST IN 92.7620% OF AHG SHARES AND IS ENTITLED TO PROCEED TO COMPULSORY ACQUISITION OF REMAINING AHG SHARES.  Full Article

AP Eagers Executed Agreements For Sale Of KMG Business In Newcastle & Hunter Valley
Tuesday, 10 Sep 2019 

Sept 10 (Reuters) - Ap Eagers Ltd ::AP EAGERS - EXECUTED BINDING AGREEMENTS WITH TONY WHITE GROUP FOR SALE OF KMG BUSINESS & RELATED FREEHOLD PROPERTIES IN NEWCASTLE & HUNTER VALLEY.DEAL FOR TOTAL SALE PROCEEDS OF $106.9 MILLION.  Full Article

AP Eagers Posts HY Underlying Operating Profit Before Tax Of $56.8 Mln
Thursday, 29 Aug 2019 

Aug 29 (Reuters) - Ap Eagers Ltd ::ANNOUNCES INTERIM DIVIDEND OF 14.0 CENTS PER SHARE.HY UNDERLYING OPERATING PROFIT BEFORE TAX OF $56.8 MILLION VERSUS $55.8 MILLION.HY TOTAL REVENUE $2,059.0 MILLION VERSUS $2,097.5 MILLION.IF ACQUISITION OF AHG IS SUCCESSFUL, NEAR TERM FOCUS WILL BE ON DELIVERING TARGETED $30 MILLION IN SYNERGIES OVER NEXT 12 MONTHS.  Full Article

Automotive Holdings Posts FY Revenues Of $5.92 Bln
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Automotive Holdings Group Ltd ::FY REVENUES FROM CONTINUING ORDINARY ACTIVITIES UP 0.7% TO $5.92 BILLION.FY STATUTORY IFRS NET LOSS $125.7 MILLION.  Full Article

Automotive Holdings Group Updates On Strategic Review Of Refrigerated Logistics Division
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Automotive Holdings Group Ltd ::CONCLUDED STRATEGIC REVIEW OF REFRIGERATED LOGISTICS DIVISION; DETERMINED THAT SALE OF DIVISION IS PREFERRED OPTION.TOLD AP EAGERS STRATEGIC REVIEW OUTCOME; CO INTENDS TO PURSUE REFRIGERATED LOGISTICS DIVISION SALE IN LINE WITH AP EAGERS' INTENT.AFFIRMS PREVIOUS GUIDANCE FOR FY2019 OPERATING NPAT OF ABOUT $50 MILLION.CO WILL WRITE-DOWN CARRYING VALUE OF REFRIGERATED LOGISTICS DIVISION DUE TO FY18 REVENUE RESTATEMENT BY $24 MILLION.  Full Article

Automotive Holdings Group Acknowledges ACCC's Merger Authorization Regarding Takeover Offer For Co
Thursday, 25 Jul 2019 

July 25 (Reuters) - Automotive Holdings Group Ltd ::ACKNOWLEDGES ACCC DETERMINATION TO GRANT A MERGER AUTHORISATION REGARDING AP EAGERS' TAKEOVER OFFER TO ACQUIRE CO.AHG BOARD CONTINUES TO UNANIMOUSLY RECOMMEND THAT AHG SHAREHOLDERS ACCEPT OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL.MERGER AUTHORISATION IS EXPECTED TO COME INTO FORCE ON 16 AUGUST 2019.ACCC AUTHORISATION SUBJECT TO AN UNDERTAKING TO DIVEST KLOSTER MOTOR GROUP.  Full Article

AP Eagers Announces ACCC's Authorization On Automotive Holdings Takeover
Thursday, 25 Jul 2019 

July 25 (Reuters) - Ap Eagers Ltd ::AP EAGERS ANNOUNCES THAT ACCC MADE A DETERMINATION TO GRANT MERGER AUTHORISATION FOR CO TO ACQUIRE AUTOMOTIVE HOLDINGS GROUP.ACCC AUTHORISATION SUBJECT TO AP EAGERS' UNDERTAKING (WHICH HAS BEEN ACCEPTED BY ACCC) TO DIVEST ITS KLOSTER BUSINESS.MERGER AUTHORISATION WILL TAKE EFFECT ON 16 AUGUST 2019.  Full Article

ACCC Conditionally Authorised AP Eagers’ Proposed Acquisition Of Automotive Holdings
Thursday, 25 Jul 2019 

July 25 (Reuters) - AUSTRALIAN COMPETITION AND CONSUMER COMMISSION::CONDITIONALLY AUTHORISED AP EAGERS’ PROPOSED ACQUISITION OF AUTOMOTIVE HOLDINGS GROUP.UNDER COURT ENFORCEABLE UNDERTAKING AP EAGERS WILL SELL ITS NEW CAR DEALERSHIPS, RELATED BUSINESSES IN NEWCASTLE AND HUNTER VALLEY REGION.SIGNIFICANT CONCERNS WERE RAISED IN NEWCASTLE AND HUNTER VALLEY REGION.  Full Article

AP Eagers Offers To Divest Kloster Motor Group To Assist In Securing ACCC Authorisation For AHG Merger
Friday, 5 Jul 2019 

July 5 (Reuters) - Ap Eagers Ltd ::PROPOSAL TO DIVEST KLOSTER MOTOR GROUP TO ASSIST IN SECURING ACCC AUTHORISATION FOR MERGER WITH AUTOMOTIVE HOLDINGS GROUP.OFFERED TO DIVEST KLOSTER MOTOR GROUP TO ASSIST IN SECURING REGULATORY AUTHORISATION FOR AP EAGERS' PROPOSED MERGER.OFFER TO DIVEST KLOSTERS IS TO SATISFY AN UNDERTAKING AP EAGERS IS PROPOSING TO PROVIDE TO ACCC.ENTERED HEADS OF AGREEMENT WITH TONY WHITE GROUP FOR SALE OF KLOSTERS AT AN ESTIMATED SALE PRICE OF $54 MILLION.  Full Article

ACCC Raises Concerns About AP Eagers' Proposed Acquisition Of AHG
Monday, 24 Jun 2019 

June 24 (Reuters) - Australia Competition and Consumer Commission::ACCC- CONCERNS ABOUT AP EAGERS' PROPOSED ACQUISITION OF AHG.ACCC - SEEKING FEEDBACK FROM MARKET PARTICIPANTS, IN PARTICULAR REGARDING NEWCASTLE/HUNTER VALLEY REGION.ACCC - PRELIMINARY CONCERNS ABOUT AP EAGERS' PROPOSED ACQUISITION OF AUTOMOTIVE HOLDINGS AND IMPACT ON COMPETITION IN NEWCASTLE/HUNTER VALLEY REGION.  Full Article

Australian regulator conditionally approves AP Eagers' takeover of Automotive Holdings

Australia's competition regulator said on Thursday it has approved AP Eagers' proposed acquisition of Automotive Holdings Group , on the condition it sells its car dealerships in certain regions.