Fleet News

Autoglass denies flotation reports

BRITAIN'S largest vehicle glass repair and replacement company, Autoglass, has denied reports that it to be floated on the London Stock Exchange. An exclusive story in the Daily Express last week claimed Autoglass would be floated as part of a £200 million sell-off by its ultimate parent company South African Breweries.

The claim was attributed to John Mason, chief executive of Autoglass's immediate holding company Belron International. However, Gary Lubner, managing director of Bedford-based Autoglass, said: 'Belron has been discussing floating its American subsidiary on one of the American stock exchanges. But that does not impact on Autoglass.'

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