Hedin ‘contemplates’ Bond issue to raise £110m for acquisitions

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Hedin Mobility is wanting on the potential of elevating round SEK 1,500m  (£110m) in a Bond subject for acquisitions and investments.

The corporate introduced the transfer on Wednesday. Hedin made the headlines in September final 12 months when it made an strategy to purchase Pendragon for £400m.

It subsequently withdrew the provide citing market situation however nonetheless retains a serious shareholding the UK group.

The corporate, led by CEO Anders Hedin (pictured) then acquired 4 dealerships in South London from Mercedes-Benz Retail Group UK in a deal accomplished on 1 April. The dealerships are in Brooklands, Dartford, Croydon, and West Bromley.

In Might, in its Q1 report, it reiterated its plans to develop within the UK.

“We proceed to develop our operations exterior of Sweden to construct our pan-European firm and proceed to be a powerful accomplice to the producers and types we signify.

“In early April, we accomplished the acquisition of 4 Mercedes-Benz dealerships in London and welcomed round 360 new co-workers to the Hedin household.

“We stay up for operating and creating the London companies and with our first personal retail presence within the UK, we now have established a foothold for additional progress in Europe’s second largest automobile market.”

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