Reuters logo
in 7 months
BRIEF-Inchcape buys distribution business in South America
December 22, 2016 / 7:26 AM / in 7 months

BRIEF-Inchcape buys distribution business in South America

1 Min Read

Dec 22 (Reuters) - Inchcape Plc

* Acquisition of business focused on Subaru and Hino, from units and affiliates of Empresas Indumotora S.A.

* Deal expected to be accretive to earnings in year 1, by mid to high single digit percentage

* Strategic distribution acquisition in South America

* Total cash consideration, on a cash-free and debt-free basis, is 234 million stg

* Deal to be funded from cash and committed debt facilities Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below