Automotive Holdings Group Limited (ASX:AHG) entered into agreement in principle to acquire Ford and Mitsubishi dealerships at the Essendon Fields automotive precinct near Melbourne for AUD 9.9 million on April 11, 2017. Automotive Holdings Group will pay a total consideration of AUD 8.5 million for goodwill, plus stock and assets at valuation. The transaction is subject to customary conditions, including manufacturer approvals, and is expected to settle in May, 2017. The transaction is expected to be immediately earnings accretive. Automotive Holdings Group Limited (ASX:AHG) completed acquisition of Ford and Mitsubishi dealerships at the Essendon Fields automotive precinct near Melbourne on May 31, 2017.