Car dealer calls in the bankers for potential listing

The automotive business was founded by Rick Armstrong in 1993 and is now led by chief executive Troy Kennedy. (Photo: supplied)

Dan Brunskill

Tue, 09 Nov 2021

Car sales company Armstrong Group has engaged investment bankers to begin preparing the company for a possible dual listing and capital raising next year.The privately owned company said in a statement it is reviewing its capital structure and considering a dual listing on the NZX and ASX.Investment bankers Jarden and UBS have been hired to begin the process, with stakeholders told to expect further updates in “the coming months”.The automotive business was founded by Rick Armstrong in 1993 and is now led by chief executive, Troy Ke...

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