Inchcape to sell U.K. retail business to Group 1 Automotive

Inchcape number plate (New 2024) — (INCHCAPE)

By:

Reuters

April 15, 2024 08:49 AM

British automotive distributor Inchcape has agreed to sell its U.K. retail operations to Group 1 Automotive for 346 million pounds ($431.43 million) in cash, following a strategic review it started earlier this year, the company said in a statement.

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