Inchcape plc, the world’s leading independent multi-brand automotive distributor, and Derco, the Chilean-based automotive distributor, announced today that they have entered into an agreement to carry out a business combination which will allow Inchcape to acquire Derco and the latter’s shareholders. join the Inchcape shareholding.
(Read: ‘The country will reach 600 thousand electricity in the year 2030’).
Both companies have a presence in Colombia. Derco is a vehicle distributor in Chile, Peru, Bolivia and Colombiawith brands in the country such as Citroen, Suzuki and DS.
Inchcape owns Praco Didacol, with the brands Jaguar Land Rover, Subaru, DFSK, Hino and Mack, among others.
The operation is valued at a little more than $1.5 billion.
Derco’s owners will become Inchcape shareholders with a 9.3% stake.
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