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.
The 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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