EWMGEastern Western Motor Group (Scotland, UK; est. 1927)
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The buyer believes that the move would help EWMG take full advantage of opportunities for organic and inorganic growth in the wealth management sector, executive director Paul Everitt said.
Given the size (or potential size, should the convertible loan stock be converted) of the holdings in EWG of former EWMG shareholders resulting from the acquisition, a waiver of Rule 9 of the City Code on Takeovers and Mergers was also sought.