News & Analysis

Carsales.com.au acquires 83 percent stake in Chileautos for US$15 million to expand international footprint

- March 29, 2016 2 MIN READ

Australian automotive online classifieds company Carsales.com.au has today announced its acquisition of a controlling stake in Chilean automotive classifieds platform Chileautos. The company’s 83 percent stake was acquired for US$15 million (approximately AUD$19.86 million) from existing cash reserves and debt facilities, with Carsales retaining an option to purchase the remaining 17 percent stake at any… Read more »