Lookers secure refinancing deal with Bank of Ireland

ONE of Britain’s largest car dealerships, Lookers, is planning expansion following a €294 million refinancing deal with Bank of Ireland, it announced yesterday.

It is a move which could make it safer a hostile takeover like that it faced earlier this year from the Britain’s biggest dealership, Pendragon.

The bank has been appointed joint lead arranger in a funding package with the owners of the Charles Hurst group in the North.