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Zeus' note out this morning on Research Tree... "As expected, Vertu is deploying the equity capital from the placing quickly, this time acquiring a long established business comprising of five outlets in Chesterfield and Derby. This is a strong geographic region for the Group and adds further scale to its Land Rover, Skoda and Nissan franchise. In addition, this also adds Toyota as a new brand partner. We anticipate this transaction to be EPS enhancing from the outset, and believe Vertu has acquired this for an EV/EBITDA multiple of 6x, which is in line with its stated..."
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