British Car Auctions for sale for 600 mln stg-report

Newswire

LONDON, Aug 30 (Reuters) - Second-hand car dealership British Car Auctions has been put up for sale by its private equity owners, according to a report in the Sunday Telegraph. Montagu Private Equity is thought to have put a 600 million pounds ($977.2 million) price tag on the firm, the biggest of its kind in Europe, said the newspaper. The retail car market in Britain has been boosted in recent months by the government's 300 million pounds car scrappage scheme, whereby motorists can ...

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