CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / AMA Group Announces Blackstone Acquisition of Collision Repair Business Will Not Proceed

AMA Group Announces Blackstone Acquisition of Collision Repair Business Will Not Proceed

June 22, 2018 By CollisionWeek Editor

Australia Tax Commissioner ruling against demerger relief scuppers $395 million acquisition.

The AMA Group Limited (ASX:AMA) announced that its AU$508 million ($395.4 million) sale of its collision repair business to the U.S. private equity firm Blackstone will not proceed following its receipt of a formal response from the Deputy Commissioner of Taxation refusing AMA’s request for a Ruling for Demerger Relief. This ruling was required in order to undertake the sale of the collision repair business that was announced in April.

AMA Group logoBlackstone has been informed that the demerger will therefore not proceed and the proposed transaction with Blackstone will proceed

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Acquisitions, AMA Group, Australia, Blackstone Group

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Diagnostics Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Wholesale Used-Vehicle Prices Decrease in First Half of May May 21, 2025
  • Congressional Committee Approves Tax Code Changes Benefiting Auto Repair Facilities May 21, 2025
  • US Auto Insurance Shopping Remains Strong in First Quarter, New Policy Growth Up May 21, 2025
  • NHTSA Submits New Fuel Economy Interpretive Rule to Rollback EV Mandate May 21, 2025
  • TechForce and National Technical Honor Society Partner to Support Students May 21, 2025
  • Tariffs Loom Over Rising Battery Electric Vehicle Claims May 20, 2025
  • Axalta Scientist Lei Qiao Named One of 100 Leading Women in North American Auto Industry May 20, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in