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Inchcape buys Rudelman in Costa Rica and Panama for $284 million

Monday, March 26, 2018

London-based car dealership chain Inchcape said today it would buy family-run Grupo Rudelman, an automotive distribution business in Central America, as it looked to strengthen its presence in the emerging markets.

Inchcape, which trades in more than two dozen countries, will pay Grupo Rudelman’s shareholders $284 million, gaining access to the Suzuki-led distribution business in Costa Rica and Panama.

Source: Reuters