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General Business
5 mins to read
13

Armstrong’s CEO not threatened by EVs and agency sales

Car dealer investigates potential NZX and ASX listing to provide capital for M&A.

Will Mace
 Tue, 09 Nov 2021

Car dealer group Armstrong’s wants to use funds from a potential IPO to force consolidation in New Zealand’s fragmented market, and the rise of electric vehicles and car maker-to-consumer sales won’t slow it down.

The company, founded in 1993 by Rick Armstrong, announced this morning it

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Will Mace
 Tue, 09 Nov 2021
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Tags
Armstrong’s Rick Armstrong car dealers IPO NZX ASX Troy Kennedy

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Armstrong’s CEO not threatened by EVs and agency sales
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