A.P. Eagers and AHG could merge, creating a car dealer superpower

A proposed merger lodged with the ASX would see Australia’s two biggest new-car dealer groups become one $1.8 billion entity, billed as ‘Australia’s leading automotive group’. Queensland-based A.P. Eagers today announced the conditional all-scrip offer to acquire remaining shares of WA’s Automotive Holdings Group (AHG) that it doesn’t already control. A.P. Eagers already owns 28.84% of AHG’s shares, meaning the proposed risk of a rival bid is seen as very low.