Bapcor edges closer to Hellaby takeover, lifts interest to 88.6%

Sun, 29 Jan 2017

By Jonathan Underhill Jan. 30 (BusinessDesk) - ASX-listed auto firm Bapcor edged closer to its takeover of Hellaby Holdings, lifting its holding to just below the 90 percent level that will allow it to compulsorily acquire the remaining shares. Bapcor's interest in the diversified investor rose to 88.6 percent from 87.2 percent at its last disclosure, according to a substantial security holder notice today. The Australian company has already installed its own directors to the board, including chief executive Darryl Abotomey, who will...

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