Eagers Automotive has agreed to buy the remaining 20% of EV Dealer Group, its BYD retail joint venture, for a mix of cash and shares, the company told the ASX on 26 October 2026. The value was not disclosed.
Why Eagers Automotive Limited is buying EV Dealer Group Pty Ltd (remaining 20% of BYD retail joint venture)
Eagers said the deal removes the remaining non-controlling interest in the business, which will become a wholly owned subsidiary.
Deal terms and financing
The agreement is binding and unconditional. Consideration is cash plus Eagers ordinary shares, including 1,126,779 shares in a proposed issue lodged with the ASX. Eagers expects the deal to be 5.0% to 5.5% accretive to pro-forma underlying operating profit before tax for the 12 months to 30 June 2026.
Regulatory approvals and timing
No approvals are required; completion is expected by 31 October 2026.
Market context
Eagers raised its stake in the BYD retail venture from 49% to 80% in 2023. Its shares rose about 7% on the announcement.
