Private equity firm TDR Capital has tabled a £1.9bn cash approach for car auction giant BCA Marketplace, the owner of WeBuyAnyCar.com. BCA used a regulatory announcement to confirm it was in “advanced discussions” with TDR and a possible all-cash offer. News of the potential sale at 243p a share sent the FTSE 250 company’s stock surging more than 20pc to 236p. Previously known as British Car Auctions and with a portfolio of more than 20 auction sites spread across the UK, BCA said the approach was at a 29.5pc premium to its average share during the previous month. The board said that if the talks, which are understood to have been going on for several months, result in a firm offer then it would… To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for free We’re glad you’re enjoying The Telegraph Register or subscribe to continue readingAlready a subscriber? Log in Register Free One free Premium article per week Newsletters and daily briefings Register Subscribe 30 days free, then £2 per week Unlimited access… Read full this story
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