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MMC Automóviles España, S.A.

14 November, 2013

As part of its development strategy in the Spanish market, Bergé Automoción has reached an agreement with Mitsubishi Motors Corporation (MMC) and Mitsubishi Corporation (MC) for the acquisition of a majority of the shares of MMC Automóviles España, S.A., current distributor of Mitsubishi Motors vehicles in Spain. The transaction is subject to approval by the Competition Authority.

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With Bergé Automoción as the partner of reference clearly strengthens the strategy of Mitsubishi Motors in the most important Spanish market, bringing the might of the largest independent automotive distributor in the Iberian Peninsula and Latin America as well as its proven experience and reputation in the distribution and marketing of cars.

All parties involved in this project, have set the achievement of a stronger presence of the brand in Spain, paying special attention to the brand’s market penetration and positioning. This strategy will be supported by the introduction of new low emission Mitsubishi Motors vehicles over the coming months and years which are particularly adapted to the European market.

Statement from Mitsubishi Corporation and Mitsubishi Motors Corporation
“Mitsubishi Corporation and Mitsubishi Motors Corporation have found in Bergé a partner with whom we share a common business vision, a partner with remarkable experience and reputation in the distribution of automobiles.

Together we have established the goal of strengthening and expanding the reputable Mitsubishi Motors brand in Spain.

We are looking forward to an ambitious and promising future, supported by the introduction of further new vehicles designed to meet the latest trends in Europe with a particular emphasis on environmental performance, as already proven through the highly efficient Clean Diesel engine fitted to ASX and New Outlander, or the forthcoming pioneering Outlander PHEV plug-in hybrid electric crossover. ”

Statement by Jorge Navea (CEO Bergé Automoción)
“Mitsubishi Motors Corporation, Mitsubishi Corporation and Bergé Automoción have been collaborating very successfully for a number of years in several international projects, both in Chile and in Peru. We are particularly proud to be able to extend the scope of our collaboration to Spain, where we will be focusing all our efforts in achieving the same sales success as that of Latin America. In this effort, the role of the Spanish dealer network of Mitsubishi Motors will be a key element.”

Mitsubishi Motors in Spain
It was in 1986 that the distribution of Mitsubishi Motors vehicles in the Spanish market began. Although the early years were marked by the limitations on the imports of Japanese vehicles, it was this phase that saw the laying of the solid foundations on which the current organization is built.

With the Montero as the icon of the brand, and thanks to the reputation that Mitsubishi Motors steadily gained for its robustness, reliability and state-of-the-art technology, the road to success was quite fast.

It is worth noting that today in Spain there is a total car park of more than 300,000 Mitsubishi Motors vehicles.

Throughout all these years, Mitsubishi Motors has always provided its customers with excellent quality and reliability – a constant focus of its commercial and after-sales activities.

Quality, reliability coupled with superior engineering – a long standing Mitsubishi Motors marker – have allowed the brand to maintain its position as one of the key players in the world of the 4×4, to open new market segments like the pick-up (L200) and pioneer future technology such as most recently, Clean Diesel (ASX), pure electric (i-MiEV) and plug-in hybrid electric vehicles (Outlander PHEV).

The latter will form the basis for the development of a whole new generation of vehicles that will allow a perfect symbiosis between environmental efficiency and driving dynamics.

Mitsubishi Corporation
Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses across virtually every industry including environmental and infrastructure business, industrial finance, energy, metals, machinery, chemicals, foods. MC’s current activities are expanding far beyond its traditional trading operations as its
diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

With more than 200 Offices & Subsidiaries in approximately 90 countries worldwide and a network of over 600 group companies, MC employs a multinational workforce of over 60,000 people.

Mitsubishi Motors Corporation
Mitsubishi Motors Corporation (MMC) is a global vehicle manufacturer selling and servicing minicars, minivans, SUVs, LCV and passenger cars in more than 160 countries.

Reflecting the connection between cars, society and the environment, the company is at the forefront in the popularization and development of environment-friendly vehicles, such as the zero-emission i-MiEV electric vehicle or the forthcoming Outlander PHEV plug-in hybrid electric crossover.

MMC sold 987,000 units during the 2012 fiscal year. MMC’s recorded a net profit of 38 billion Yen over the same period.

Bergé Automoción
Bergé Automoción is the automotive division of the Bergé y Cía corporate holding founded in 1870.

Bergé y Cía is one of the most important Spanish private corporate groups. It is present, with a sizeable international projection, in areas such as port and maritime services, automotive distribution, logistics, renewable energies and finance.

Bergé Automoción is now the largest independent automotive distributor in the Iberian Peninsula and Latin America. Representing a total of 27 different brands (distribution and retail), with a presence in 6 countries: Spain, Portugal, Chile, Peru, Colombia and Argentina.