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April 11 (Reuters) - Automotive Holdings Group Ltd
* acquires melbourne dealerships
* Existing dealerships are expected to be immediately earnings accretive
* reached agreement in principle to acquire Ford and Mitsubishi dealerships at essendon fields automotive precinct near melbourne.
* Essendon Ford and Mitsubishi acquisition involves a total consideration of $8.5 million for goodwill, plus stock and assets at valuation Source text for Eikon: Further company coverage: