Hedin and Stern in discussions on merging their respective automotive operations
Anders Hedin Invest AB and Stern Groep N.V., the Dutch listed automotive group, are in exclusive discussions on merging their respective automotive operations, including I.A. Hedin Bil AB (publ). The combination of Hedin and Stern will have strong complementarity in terms of geographic focus and brands. In addition, the combined group will be very well positioned to play a leading role in the expected ongoing consolidation of automotive retailers in the Eurozone.Gothenburg, January 30th, 2020 The automotive industry faces numerous trends and developments which will eventually have