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LKQ to buy German car parts retailer Stahlgruber in $1.77 bln deal

Dec 11 (Reuters) - U.S. auto parts retailer LKQ Corp said on Monday it would buy German peer Stahlgruber for about 1.5 billion euros ($1.77 billion) to expand in Europe.

Stahlgruber is estimated to have annual revenue of about 1.6 billion euros, LKQ said.

Reuters reported in September that Stahlgruber's owners had put the company up for sale and selected bidders including LKQ.

($1 = 0.8482 euros) (Reporting by Sanjana Shivdas in Bengaluru; editing by Sai Sachin Ravikumar)