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carsales.com to purchase remaining 51 percent of Trader Interactive.

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Auto Business News-June 28, 2022--carsales.com to purchase remaining 51 percent of Trader Interactive

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Auto Business News - 28 June 2022

carsales.com Ltd, an online marketplace in Australia concentrating on the automotive, motorcycle, and marine markets, is planning to purchase the remaining 51 percent of Trader Interactive from the present investors, Eurazeo and Goldman Sachs Asset Management to bring its holding up to 100 percent.

This step to acquire Trader Interactive first commenced in August 2021, when carsales acquired 49 percent of Trader Interactive. The deal is likely to be completed in the late third quarter of 2022.

Lori Stacy, Trader Interactive's chief executive officer, said, 'I've worked with the carsales leadership team over the last 12 months...

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