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LKQ to buy European spare parts supplier Rhiag in $1.1 billion deal

2015-12-22 17:01:10| Auto Parts - Topix.net

The deal, valued at 1.04 billion euros on an enterprise basis, will give LKQ access to Italy, Czech Republic, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Slovakia, Poland and Spain. It will help the company tap a "highly-fragmented 188 billion euro wholesale DIFM market," CEO Robert Wagman said.

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Category:Automotive

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