March 8 (Reuters) - Australian online auto classifieds firm Carsales.com Ltd (CAR) said on Wednesday it would launch an A$500 million ($329.40 million) equity raising to fund a deal to acquire an additional 40% stake in Brazil-based automotive digital marketplace Webmotors SA.
The acquisition price for the stake increase will be about A$353 million and will make Carsales a 70% owner of Webmotors, it said.
($1 = 1.5179 Australian dollars)
News: CAR Australia's Carsales.com to raise $329 million to boost stake in Brazil's Webmotors
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Last
$39.05 |
Change
-0.470(1.19%) |
Mkt cap ! $14.76B | |||
| Open | High | Low | Value | Volume |
| $39.29 | $39.76 | $38.95 | $25.81M | 660.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $38.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.09 | 588 | 2 |
View Market Depth
| Last trade - 16.10pm 03/09/2025 (20 minute delay) ? |
| CAR (ASX) Chart |