Ashurst has advised Marubeni Automotive Holding (Australia) Pty Ltd (Marubeni) in its sale of Scotts Motors Artarmon Pty Ltd (Scotts Motors) in Sydney.

Marubeni has agreed to sell its shares in Scotts Motors, which operates a new and used car dealership, to VT Holdings Co., Ltd, a company listed on the Tokyo Stock Exchange.

This transaction required our Tokyo office to help facilitate the transaction in the time available.

The Ashurst team was led by partner Ian Williams, who was assisted by partner Damien Roberts, senior associate Peter Atkin, lawyer Akiko Morioka and graduate Geordie Bundock-Livingston (Corporate); with partner John Briggs (Environment).