Bank wants Carnell-Motorcycle City

The Royal Bank of Scotland (RBS) is lining up a take-over of Dixon Motors, the parent company of the Carnell/Motorcycle City franchises.

The Sunday Times reports that a formal offer is expected later this week, with a bid valuing the combined car/motorcycle business at around £108 million. Paul Dixon, the group’s founder and his son, Simon, own around 10 per cent of the shares.

RBS is thought to be keen to acquire Dixon with its powerful position in both the motorcycle and car markets in order to expand its own motor finance and insurance opportunities. RBS already owns the insurer Direct Line and the on-line car retailer Jamjar.com.

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