BRIEF-Group 1 Automotive Agrees To Acquire Inchcape U.K. Dealerships-February 2024-www.financetom.com

BRIEF-Group 1 Automotive Agrees To Acquire Inchcape U.K. Dealerships

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BRIEF-Group 1 Automotive Agrees To Acquire Inchcape U.K. Dealerships

Apr 14, 2024 11:51 PM

April 15 (Reuters) - Group 1 Automotive Inc ( GPI ):

* 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

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