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Genuine Parts buying Europe's second-largest auto parts distributor for $2B

chevyguy

By chevyguy
in Napa Auto Parts Forum

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chevyguy Enthusiast

chevyguy

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Genuine parts is the mother company of Napa which is why I'm posting it in here.

Blackstone has sold its stake in UK-based auto parts distributor Alliance Automotive Group (AAG) to listed US trade buyer Genuine Parts Company in a deal giving the business an enterprise value of $2bn.

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