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Ford-Pendragon to make £20m from sale and leaseback

Ford has bought 49% of Pendragon for £20m – the UK’s largest car dealership.

Some £20m of Ford dealership properties will be sold and leased back to the Ford-Pendragon joint venture.

Financial Times 14/09/99 page 24
The Daily Telegraph 14/09/99 page 30
The Independent 14/09/99 page 19 (The Investment Column)

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