Cazoo to Acquire Leading Italian Online Car Retailer, brumbrum
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Wednesday, January 26, 2022
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Cazoo (NYSE: CZOO), Europes leading online car retailer, which makes buying and selling a car as simple and seamless as ordering any other product online, today announced that it has agreed to acquire brumbrum, Italys leading digital car retailer and subscription platform.
Key Points:
- Cazoo (NYSE: CZOO), Europes leading online car retailer, which makes buying and selling a car as simple and seamless as ordering any other product online, today announced that it has agreed to acquire brumbrum, Italys leading digital car retailer and subscription platform.
- Cazoo will acquire brumbrum for 80 million in a mix of cash & Cazoo shares and the transaction is expected to complete in the coming days.
- Alex Chesterman OBE, Founder & CEO of Cazoo said: brumbrum is the leading online car retailer and car subscription player in Italy and has built a great team, culture and business and much like Cazoo in the UK, it has been pioneering the shift to online car buying in Italy.
- I look forward to welcoming the brumbrum team to Cazoo and working with them to deliver the best car buying experience to Italian consumers.