George Soros snaps up £12m stake in Lookers car dealership

Billionaire investor has bought a 4.5% shareholding in Manchester-based business, which is valued at £267.6mA car dealership with 69 sites has caught the eye of billionaire investor George Soros, who has bought a 4.5% stake in the business. The 82-year-old, famous for his £10bn bet against the exchange rate mechanism in 1992, acquired the shares in Lookers via Soros Fund Management.Soros made the move in the week that the Manchester-based company's second biggest shareholder sold the 17.3%...