Sydney Roosters Chairman and Rich Lister, Nick Politis, has acquired more shares in Australia’s largest car dealership group Eagers Automotive, The Australian Financial Review has reported.
Politis acquired an extra 10,000 shares in the car dealership group at $11.3359 on July 15.
Politis now owns a total of 70.26 million shares in Eagers Automotive or a stake of 27.3 percent, making him the largest shareholder in the ASX-listed company.
The move came on the same day as shareholders gave the green light to the acquisition of Politis’ privately owned dealerships in the Australian Capital Territory (ACT) for $193 million.
Eagers Automotive runs 200 showrooms around Australia and signed a five-year agreement in February to be the exclusive retailer in Australia for fast-growing electric vehicle maker BYD.
This comes as the ACT government on Monday proposed to ban the sale of new petrol cars by 2035.
