France’s BPM Group has made a bid to acquire Monaco Luxury Group and is awaiting approval from the French competition authority, the Autorité de la Concurrence.

MLG distributes eight car marques in Monaco, six of which are top-end luxury brands.

BPM Group is the fifth-largest Mercedes-Benz distributor in France (2019) and has plans to make Monaco a regional hub.

The brands concerned are Mercedes-Benz, Smart, Bentley, McLaren, Aston Martin, Ferrari, Pininfarina and Rolls-Royce.

BPM Group had a turnover of 750 million euros in 2019 with the sale of 12,250 new cars and 10,038 used vehicles.

FILE PHOTO: Bentley is one of the top brands sold by MLG