Mercedes-Benz Cote d'Azur put up for sale, approached by four bidders
Mercedes-Benz Cote d'Azur, a France-based vehicles distributor, has been put up for sale by the German automotive group, French news portal Autoactu reported.
The unsourced piece noted that the target has been approached by French peers Groupe Como, Groupe LG Automobiles and By My Car as well as Chinese car dealer Lei Shing Hongn. The target is valued at circa EUR 40m, the report said.
Mercedes-Benz Cote d'Azur operates three dealerships in Nice, Cannes and Villeneuve-Loubet that employ 238 and generated EUR 106m revenues in 2014, the report said.