Nov 6 (Reuters) - AP Eagers Ltd APE.AX :
* Acquisition of birrell motors group APE.AX
* Says total estimated initial consideration of $114 million
* Initial consideration reflects expected sustainable earnings from existing operations of approximately $18 million per annum
* Says subject to conditions, additional deferred consideration of up to $19.8 million will be payable
* Initial consideration will be funded though issue of 2.2 million shares to vendors and cash drawn from available funds, existing debt facilities
* Will also acquire three properties associated with mercedes-benz business in doncaster, blackburn and ringwood, for further $26.05 million
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