Aramis: acquisition of Cazoo Trading Italy – 01/11/2022 at 08:00

(CercleFinance.com) – As part of Cazoo Group’s strategic review of its operations in Europe, Aramis Group announces an agreement to acquire 100% of the capital and voting rights of Cazoo Trading Italy, which will be renamed brumbrum with immediate effect.

This company, acquired with immediate effect, sells approximately 1,600 used vehicles to individuals per year for a turnover of approximately 30 million euros. The transaction does not give rise to any precedent, especially not restrictive of competition.

It allows Aramis to enter, at attractive economic terms, a strategic market in Continental Europe, which represents 20 billion euros in annual transactions and where Stellantis, its majority shareholder, has a very strong presence.

.

Leave a Comment