StockMarketWire.com - Auto retailer Marshall Motor Holdings said it had completed two acquisitions comprising six Skoda franchised dealerships for a combined £3.5m.

Marshall said it was consequently now the UK's largest Skoda retailer.

The acquired businesses made aggregate pre-tax losses of around £0.4m in the year through December.

As a result, the transactions were expected to be earnings dilutive in the current financial year.

They were, however, expected to be earnings enhancing in future years.

Marshall Motor said it now represented Skoda in 11 locations in the UK: Barnstaple, Bedford, Croydon, Harlow, Leicester, Letchworth, Newbury, Northampton, Nottingham, Oxford and Reading.

At 9:51am: [LON:MMH] Marshall Motor Holdings PLC share price was -0.5p at 157.5p



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