“Since Hedin Group first become a shareholder in January 2019, we have supported Pendragon in its mission to regain its position as the leading automotive retail business in the UK and we are pleased with the positive steps the company has taken this year. Management’s strategy and the recent appointment of an independent Chairman are encouraging developments from which positive momentum can be built. We are supportive of the management and looks forward to work constructively with the board to continue with Pendragon’s success, to the benefit all stakeholders”, says Anders Hedin owner of Hedin Group.