Penske Automotive Group (PAG) Expands Into Italy with Mantellini Joint Venture
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Penske Automotive Group, Inc. (NYSE: PAG) has formed a joint venture with Andrea Mantellini (and family), operator of a BMW/MINI dealer group located in Bologna, Italy. The newly formed joint venture intends to acquire and operate dealerships in northern Italy.
Mantellini will manage day-to-day operations of the business, bringing his local expertise and successful business acumen.
The joint venture has acquired the Mariani BMW/MINI dealership in Monza, Italy, a suburb of Milan.
Mantellini will manage day-to-day operations of the business, bringing his local expertise and successful business acumen.
The joint venture has acquired the Mariani BMW/MINI dealership in Monza, Italy, a suburb of Milan.
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