Wednesday 21 August 2019

AW Rostamani buys majority stake in UK car retailer

DUBAI, November 5, 2018

AW Rostamani, the exclusive distributor for Nissan, Infiniti and Renault in Dubai and the Northern Emirates, has acquired a majority stake in Brayleys, a leading London and South East England car retailer, for an undisclosed sum.

With annual revenues in excess of $2 billion and a heritage of over 50 years, this marks the AW Rostamani’s first investment in the UK’s motor retail sector.

Three senior executives of AW Rostamani have joined the board of the company, with its founder and managing director Paul Brayley continuing to oversee the business with his current management team.

AW Rostamani will play a crucial role in lending its expertise and vision to chart a robust growth for Brayleys. The expansion to the UK, through the majority investment in Brayleys, is part of the organisation’s goal to strengthen its global footprint through strategic acquisitions.

Khalid Al Rostamani, chairman of AW Rostamani, said: “The acquisition of a majority stake in Brayleys is underlined by our strategy to expand and build our business in the UK, a key automotive market. We have been assessing various options for investments and identified Brayleys as a perfect fit to our vision. We will continue to explore new opportunities to help enhance our presence in the UK and focus on leveraging significant growth opportunities with Brayleys.” – TradeArabia News Service

Tags: UK | car rental | AW Rostamani |

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