March 22, 2018 / 11:21 AM / a month ago

BRIEF-AutoCanada Buys Illinois Based Grossinger Auto Group For C$110 Mln

March 22 (Reuters) - Autocanada Inc:

* AUTOCANADA ACQUIRES ILLINOIS BASED GROSSINGER AUTO GROUP

* AUTOCANADA INC - WILL PAY APPROXIMATELY C$110 MILLION (US$86 MILLION) FOR GROSSINGER

* AUTOCANADA - WILL FINANCE DEAL THROUGH FUNDS DRAWN ON SYNDICATED CREDIT FACILITY, PAYMENTS FROM RECENT DIVESTITURE OF DEALERSHIPS IN CANADA

* AUTOCANADA - AGREEMENT ALSO INCLUDES 6 LUXURY, PREMIUM BRANDS IN AUTO MALL UNDER ONE ROOF IN BLOOMINGTON/NORMAL, ILLINOIS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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