In a surprising move within the Luxembourg automotive sector, the Arnold Kontz Group has announced the sale of its car dealerships to the Belgian Louyet Group with the goal of refocusing on the “bicycle trade and soft mobility”.
In a statement released on Tuesday, Luxembourg automobile group Arnold Kontz explained that “concentration in car distribution has reached its peak, and following recent successes, the time is right to withdraw from car distribution and sell these activities to the Louyet Group”. The transfer is set for 30 September, with the dealerships continuing to operate…
