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You are here: Home / News / Group 1 Automotive Disposes of Brazil Operations

Group 1 Automotive Disposes of Brazil Operations

July 5, 2022 By CollisionWeek Editor

Group 1 Automotive, Inc. (NYSE: GPI), the automotive retailer with 201 dealerships and 46 collision centers located in the U.S. and U.K., announced that it has closed on the disposition of its Brazil operations. 

Group 1 logoThe company announced that its wholly-owned subsidiary GPI SA, LLC closed the sale transaction under the Share Purchase Agreement with Original Holdings S.A., a sociedade por ações incorporated in Brazil and an affiliate of Simpar S.A, a publicly listed company in Brazil, with UAB Motors Participações Ltda., a wholly-owned subsidiary of Group 1, as an intervening party .  Under the terms of the Agreement, Original acquired

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Filed Under: News Tagged With: Acquisitions, Brazil, Group 1, Original Holdings S.A.

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