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Stock Market & Financial Investment News

News Breaks
May 19, 2014
07:18 EDTGPIGroup 1 Automotive acquires Kia dealership in Texas
Group 1 Automotive announced the acquisition of South Point Kia in Austin, Texas. The dealership, which will operate as Kia of South Austin, is expected to generate $55M in estimated annual revenues. Thus far in 2014, Group 1 has acquired 6 franchises with estimated annual revenues of $295M and disposed of one franchise with trailing-twelve-month revenues of $20M.
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