Under assessment · Notification · Phase 1 · day 1 of review, decision due 18 Dec 2026 (41 days)
Autosports Group Limited, via New Centenary Pty Limited, proposes to acquire substantially all assets of three motor vehicle dealerships from Grand Motors Group NSW Pty Limited. The asset sale includes Mercedes-Benz Parramatta, Mercedes-Benz Castle Hill, Chery Castle Hill, and a Mercedes-Benz Vans Service Centre leasehold, expanding Autosports Group's automotive retail presence.
Autosports Group Limited (Autosports Group) (via a wholly owned subsidiary, New Centenary Pty Limited (Acquirer)) proposes to acquire substantially all of the assets of three motor vehicle dealership businesses owned and operated by Grand Motors Group NSW Pty Limited, being: Mercedes-Benz Parramatta NSW; Mercedes-Benz Castle Hill NSW; and Chery Castle Hill NSW. (collectively the Target Dealerships) In addition to the Target Dealerships, the Autosports Group will also acquire a leasehold interest in the Mercedes-Benz Castle Hill Vans Service Centre located in Seven Hills NSW, which provides pre-delivery, van service, storage, used car sales and wholesale parts. Autosports Group is a publicly listed automotive retail group (ASX: ASG) specialising in the sale of new and used motor vehicles, aftermarket products and spare parts and motor vehicle servicing. As at 30 June 2026, Autosports Group operates 93 automotive dealerships across Australia, including 24 dealerships in the greater Sydney region. Autosports Group does not currently operate any dealerships that sell Chery vehicles. It operates 5 dealerships that sell Mercedes-Benz vehicles nationally, including one dealership that sells Mercedes-Benz vehicles in the greater Sydney region (Mercedes-Benz Hornsby NSW).