April 26 (Reuters) - Car dealership chain Group 1 Automotive Inc. said its board approved the repurchase of up to $30 million common shares.
The company, which has about 24.1 million common shares outstanding, said the repurchased shares will be held in treasury.
Group 1 expects to complete the buyback within the next 12 months, it added. (Reporting by Dhanya Skariachan in Bangalore)