Shares of Autosports Group (ASX:ASG) edged lower in recent Tuesday trade after it said in a late Monday filing that its wholly owned subsidiary, Autosports Leichhardt, had completed the acquisition of the business and assets of Gulson Canberra, including Porsche Center Canberra.
The purchase consideration totaled around AU$12.5 million, consisting of $12 million allocated to goodwill and about AU$500,000 for net tangible assets, plant, and equipment, the filing said.
The purchase was financed using a mix of cash reserves and existing debt facilities, the filing added.
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