Trans-Tasman auto firm Ateco eyes IPO on the ASX

Ateco is looking across the ditch(Image: Ateco.co.nz)

Thu, 27 Jan 2022

Trans-Tasman car distributor Ateco Group is eyeing up a potential listing in Australia to help fund plans for expansion.A spokesperson told BusinessDesk the company’s managers are on a non-deal roadshow ahead of a possible potential initial public offering but declined to comment further.New Zealand-born businessman Neville Crichton bought the business in 1985, when it was a small engineering firm, and has built it up to be one of Australasia’s biggest independent car distributors of brands ranging from Ferrari and Maserati to Great...

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