Penske Automotive (PAG +1.9%) expands its U.K. presence with the acquisition a number of...

|About: Penske Automotive Group, Inc. (PAG)|By:, SA News Editor

Penske Automotive (PAG +1.9%) expands its U.K. presence with the acquisition a number of dealerships in Belfast from the Isaac Agnew Group. Terms were not disclosed, but the company says the dealerships are expected to contribute approximately $500M in annualized revenue.