Automotive retailer Marshall Motor Holdings said on Friday that Marshall of Cambridge, the company’s largest shareholder, had informed the board that it was considering a possible sale of its 64.4% shareholding in the company.
Marshall Motor stated Marshall of Cambridge was mulling the sale following a strategic review of its business interests but was yet to take any action to contact any potential offerors.
However, MCH was said to have received a request from Constellation Automotive Group that should a sale process be commenced, it be given the opportunity to participate.
Marshall also highlighted that there was no certainty that any formal offer would be forthcoming.
As of 0910 GMT, Marshall Motor shares were up 41.95% at 388.95p.
