Group 1 (GPI) to Acquire Inchcape's UK Dealerships for $439M [Yahoo! Finance]
Group 1 Automotive, Inc. (GPI)
Last group 1 automotive, inc. earnings: 2/5 07:07 am
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Source: Yahoo! Finance
The all-cash transaction will cost nearly $439 million to GPI, including the appraised real estate value of $279 million. In 2023, Inchcape's U.K. dealerships registered annual revenues of around $2.7 billion. The completion of the transaction is subject to obtaining approval from the Financial Conduct Authority and is anticipated to close in the third quarter of 2024. Per Daryl Kenningham, president and CEO of Group 1, Inchcape U.K. dealerships complement the company's geographic footprint in the East and South East of England and allow it to enter new markets in the Central and North West regions of England and Wales. Inchcape has 54 dealership locations across England and Wales, including Audi, BMW/MINI, Jaguar Land Rover, Porsche, Toyota, Lexus, Mercedes-Benz/smart, Volkswagen and Volkswagen Commercial Vehicles. All these dealerships sell more than 63,500 new and used vehicles and 24,000 corporate units per year, on average. GPI has acquired around $1 billion of annual rev
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- Group 1 Automotive Reports First Quarter 2024 Financial ResultsPR Newswire
GPI
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- 4/24/24 - Miss
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- 4/26/24 - Form 10-Q
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form 8-K
- GPI's page on the SEC website