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BRIEF-Penske Automotive expands presence in Northern Italy with acquisition of 6 franchises

Oct 3 Penske Automotive Group Inc :

* Franchises are located in strategic Northern Italian market area of Bologna

* Acquired dealerships are expected to generate approximately $200 million in revenue on an annualized basis

* Has expanded its presence in Northern Italy with acquisition of six franchises Source text for Eikon: Further company coverage:

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