Inchcape plc is set to abort its plan to privatise its Singapore-listed subsidiary Inchcape Motors after a key shareholder announced it would block the bid. British investment company Guinness Peat Group, which has been mopping up Inchcape Motors’ shares, said it will reject Inchcape plc’s conditional cash offer of £GB0.90p a share to turn Inchcape Motors and its motor distribution business into a 100 per cent privately owned company.
 
Inchcape plc, the world’s largest motor agency, was looking to buy 90 per cent of shares in its subsidiary and then compulsorily acquire the remaining shares and take the company private.

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By Mark Rowe

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact