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VTU meaning in Business ? |
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Answer» What is Vertu Motors mean? Vertu Motors PLC is a car dealership group based in the United Kingdom which was established in November 2006. It is listed on the Alternative Investment Market. The company started trading by acquiring Bristol Street Motors in March 2007, which was a car dealer based in Birmingham that started in the beginning of the 1900s for £38m cash, £9m of shares and assumed debt of £29m. The company sells a variety of car marques under the Vertu, Bristol Street Motors, Farnell and Macklin Motors names, the latter having been acquired by Vertu in Scotland in July 2010. The company’s largest acquisition since its establishment with Bristol Street Motors was £31m to purchase the Yorkshire based dealerships Farnell Land Rover in May 2013. The company also provides vehicle leasing for personal and business use under the brand Vertu Lease Cars. reference
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