UPDATE 2-UK's Pendragon buys CD Bramall for 230 mln stg

Newswire

(Adds comment from CEO) LONDON, Jan 23 (Reuters) - Britain's largest car dealer Pendragon Plc said on Friday it was buying rival CD Bramall Plc for an agreed 230 million pounds ($425 million), boosting its position at the luxury end of the market. "The strategy for Pendragon is to be bigger with a few manufacturers. This achieves that objective in that we strengthen our position with the premium brands of Jaguar, Landrover, BMW and Mercedes," Chief Executive Trevor Finn said. Pendragon ...

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