BRIEF-Autocanada enters financing arrangement with PPH Holdings

Mon Apr 25, 2016 6:08am EDT
 
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April 25 (Reuters) - AutoCanada Inc

* AutoCanada announces financing agreement

* Says entered into a financing arrangement with PPH Holdings Inc

* AutoCanada will provide a participatory loan to PPH

* Funds will be used by pph to fund purchase of 60 pct of Southview Acura

* AutoCanada's anticipated return will be approximately equal to 60 pct of net income of Southview Acura

* Transaction was reviewed and approved by AutoCanada's independent members of board of directors Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)