UnitedAuto Group Inc. has acquired a 75% stake in TAMSEN GmbH. The remaining 25% interest will be held by Mr. Tamsen, who will continue managing the business to expand the company's activities in Europe. Financial details have not been disclosed.
TAMSEN GmbH is a leading German retailer of top-end luxury cars and is ranked as number one in continental Europe.
UnitedAuto Group Inc. is the second largest publicly-traded automotive retailer in the United States.
Oaklins' team in Germany was assigned to identify potential partners and to lead the sale process as well as final negotiations.
Dr. Hans Bethge
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