Group 1 Automotive, Inc. (GPI) has entered into a definitive contract to acquire Inchcape’s U.K. automotive retailing business and the related owned real estate. The all-cash transaction will cost nearly $439 million to GPI, including the appraised real estate value of $279 million.In 2023, Inchcape’s U.K. dealerships registered annual revenues of around $2.7 billion. The completion of the transaction is subject to obtaining approval from the Financial Conduct Authority and is anticipated to close in the th ...