Eagers - Audi Melbourne and Audi Richmond

Eagers Vic Pty Ltd (Eagers) is a subsidiary of Eagers Automotive Limited (ASX: APE), a publicly listed automotive retail group which owns and operates motor vehicle dealerships across Australia. Eagers Automotive Limited sells new and used motor vehicles through its dealerships, representing around 50 automotive brands. Eagers Automotive Limited also provides related goods and services including motor vehicle service, parts and allied consumer finance. In Victoria, Eagers has 29 dealerships, 12 of which supply automotive brands that offer similar prices and features to Audi (including but not limited to Mercedes-Benz, BMW, Volvo, Land Rover, Volkswagen). Eagers does not currently supply Audi vehicles.

Zagame Automotive Group Pty Ltd (Zagame) operates motor vehicle dealerships (franchises and agencies), selling new and used motor vehicles, focusing on sports, luxury and performance vehicles. It represents 16 automotive brands with dealerships across the Melbourne area (including five Audi dealerships). Zagame also operates related businesses including automotive repairs, wholesale automotive parts, and retail automotive finance.

Eagers proposes to acquire the assets for the following Audi dealerships from Zagame:

Audi Centre Melbourne, 501 Swanston St, Melbourne 3000 (Audi Melbourne); and

Audi Richmond, 408 – 410 Swan Street, Richmond 3121 (Audi Richmond).