Who is Inchcape owned by?
Group 1 Automotive has agreed a £346 million deal to acquire Inchcape’s UK dealerships, almost doubling the scale of the AM100 group. Inchcape completes sale of UK Retail operations to Group One for £346m. Inchcape plc is pleased to announce the completion of the sale of its UK Retail operations to Group 1 for £346m. This successful transaction marks a significant milestone in Inchcape’s journey to become a pureplay Distribution business.London, 15 April 2024 – Inchcape plc (“Inchcape” or “the Group”) has today agreed the sale of its UK retail operations (“Inchcape UK”) for £346m to Group 1. The deal marks a major milestone in Inchcape’s consolidation into a distribution-focused business.