June 26, 2019 / 6:30 AM / 6 months ago

TDR Capital to buy car auctioneer BCA Marketplace for $2.4 billion

FILE PHOTO: Imported cars are parked in a storage area at Sheerness port, Sheerness, Britain, October 24, 2017. REUTERS/Peter Nicholls/File Photo

(Reuters) - British private equity firm TDR Capital on Wednesday said it offered to buy car auctioneer BCA Marketplace for about 1.91 billion pounds ($2.42 billion).

The offer of 243 pence per share is a premium of about 25% to BCA’s closing price on June 19.

Reporting by Shariq Khan in Bengaluru; Editing by Rashmi Aich

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