Group 1 automotive agrees to acquire inchcape u.k. dealerships

54 dealership locations in the united kingdom houston , april 15, 2024 /prnewswire/ -- group 1 automotive, inc. (nyse: gpi) ("group 1" or the "company"), a  fortune 300 automotive retailer with 202 dealerships located in the u.s. and u.k., today announced it has entered into a definitive agreement to acquire the u.k. automotive retailing business and related owned real estate from a subsidiary of inchcape plc for approximately $439 million (£346 million) in an all-cash transaction, inclusive of $279 million (£220 million) of appraised real estate value.  in 2023, the inchcape u.k. dealerships generated approximately $2.7 billion usd (£2.1 billion) in annual revenues.
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