March 26, 2018 / 6:22 AM / 3 months ago

BRIEF-Inchcape To Buy Automotive Distribution Business Grupo Rudelman For $284 Mln

March 26 (Reuters) - Inchcape Plc:

* INCHCAPE PLC - ANNOUNCE ACQUISITION OF GRUPO RUDELMAN, AN AUTOMOTIVE DISTRIBUTION BUSINESS IN CENTRAL AMERICA FOCUSED ON SUZUKI

* INCHCAPE PLC - DEAL FOR A TOTAL CASH CONSIDERATION OF $284 MILLION ON A CASH-FREE AND DEBT-FREE BASIS.

* INCHCAPE PLC - DEAL ACCRETIVE TO EARNINGS IN FIRST FULL YEAR POST-ACQUISITION BY MID-SINGLE DIGIT PERCENTAGE

* INCHCAPE PLC - DEAL FUNDED FROM EXISTING CASH AND COMMITTED DEBT FACILITIES

* INCHCAPE PLC - NO LONGER INTENDS TO CONTINUE WITH SHARE REPURCHASE PROGRAMME WHICH WAS ANNOUNCED ON FEBRUARY 27 TH 2018. Source text for Eikon: Further company coverage:

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