Ateco Tips 59pc Volume Growth In IPO Year: Maiden Pitch - AFR

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Print articleAnthony Macdonald, Sarah Thompson and Kanika SoodJan 27, 2022 – 9.34pmSaveLog in or Subscribe to save articleShare

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Australian car importer and distributor Ateco Group says it will sell at least 59 per cent more vehicles this financial year, at the same time its backers prepare the company for a float.

In its maiden pitch to fund managers on Thursday, Ateco Group said it expected to sell at least 36,193 cars and pickup trucks in the year to June 30 with committed second half sales alone almost on par with last financial year.

Loading...Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at [email protected]Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at [email protected]Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at [email protected]SaveLog in or Subscribe to save articleShare

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