Company Overview - Eagers Automotive plans to acquire a 65% stake in CanadaOne for A$1.04bn ($687m) to enhance its presence in the Canadian market [1] - The valuation of CanadaOne is A$2.71bn, including debt [2] - CanadaOne operates 42 franchised dealerships and will maintain its headquarters in Edmonton, Alberta [3] Leadership and Management - Pat Priestner will continue as CEO of CanadaOne, supported by the existing senior management team [2] - The acquisition aims to leverage local knowledge and Eagers' international expertise for long-term growth [4] Strategic Partnerships - Mitsubishi Corporation (MC) will subscribe to newly issued shares of Eagers as part of a strategic investment [4] - MC will also invest in Eagers' independent used-car business, easyauto123, and hold an indirect interest in Carlins, Eagers' vehicle auction company [5] - A new holding company will be established with Eagers holding an 80% stake and MC owning the remaining [5] Future Plans - The acquisition is expected to finalize in the first quarter of 2026, pending necessary regulatory approvals [3] - The partnership with MC aims to enhance collaboration and explore new ventures in the automotive and mobility industries [5][6]