Brief: Group 1 Automotive Agrees To Acquire Inchcape U.K. Dealerships

Group 1 Automotive

15/04/2024 07:32

April 15 (Reuters) - Group 1 Automotive Inc  GPI.N :
    * GROUP 1 AUTOMOTIVE AGREES TO ACQUIRE INCHCAPE U.K.
DEALERSHIPS
    * : TRANSACTION IS SUBJECT TO RECEIPT OF APPROVAL FROM
FINANCIAL
CONDUCT AUTHORITY AND IS EXPECTED TO CLOSE IN Q3 OF 2024
    * DEAL FOR APPROXIMATELY $439 MILLION (£346 MILLION) IN AN
ALL-CASH TRANSACTION
    * GROUP 1 AUTOMOTIVE-AGREEMENT FOR ABOUT $439 MILLION (£346
MILLION) IN AN ALL-CASH TRANSACTION, INCLUSIVE OF $279 MILLION
(£220 MILLION) OF APPRAISED REAL ESTATE VALUE

Source text for Eikon:  ID:nPn97nrVma 
Further company coverage:  GPI.N 

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