VOL. XXXIII

NO. 24

19-MARCH-1990

Financial and Banking News

Investment Activities

Hostile Saudi Bid for UK Car Dealer Fails

A hostile bid launched by the Jameel Group of Saudi Arabia - the holders ofthe Toyota franchise in the Kingdom - for the British car distributorshipHartwell (MEES, 12 February) has failed. At the final closing of the bid lastweek Jameel, together with its bid vehicle, Oakhill, ended up holding 43.3% ofthe British firm. The bid was fought by Hartwell's management, which...