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CAR Group Says Webmotors To Buy 51% Of Auto Avaliar For R$543 MLN

By Reuters News

Oct 29 (Reuters) - CAR Group Limited CAR.AX:

  • BRAZIL ACQUISITION

  • WEBMOTORS AGREES TO BUY 51% OF AUTO AVALIAR FOR R$543 MILLION (A$144 MILLION)

  • COMPLETION SUBJECT TO CADE AND CENTRAL BANK OF BRAZIL APPROVALS

  • TRANSACTION NOT EXPECTED TO HAVE MATERIAL IMPACT ON CO'S CONSOLIDATED REVENUE OR EARNINGS


Further company coverage: CAR.AX

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