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Ford

Jardines unit, Ford in bid for Dagenham Motors dealership

PUBLISHED : Tuesday, 22 December, 1998, 12:00am
UPDATED : Friday, 08 May, 2015, 4:38pm

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Jardine International Motors Holdings and Ford Motor yesterday announced a bid of about GBP30 million (about HK$390.72 million) for Dagenham Motors, one of the largest Ford dealerships in Britain. Dagenham said it was recommending the 160 pence per share offer, which was still subject to due diligence and a number of undisclosed pre-conditions. Trading conditions have become increasingly difficult for Dagenham and yesterday it warned that its full-year profits would be below last year's.