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CAR GROUP LIMITED — M&A Activity 2017
Feb 23, 2017
64605_rns_2017-02-23_7fec2a8f-2f15-449b-9c46-97bcd2ec6ddb.pdf
M&A Activity
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Acquisition of DeMotores completed
24 February 2017
carsales.com Limited (ASX:CAR) (carsales) announces that, further to its announcement made on 31 January 2017, the acquisition of 100% of the entities which own and operate the DeMotores online automotive classifieds websites has been completed.
ENDS
For further information, please contact:
Will Clarke Communications and PR Manager 03 9093 4505 / 0468 971 536 [email protected] / @willclarkeinoz
About carsales.com Ltd
Founded in 1997, carsales.com Ltd (ASX: CAR) operates the largest online automotive, motorcycle and marine classifieds business in Australia. carsales is regarded as one of Australia’s original disruptors and has expanded to include a large number of market-leading brands. The carsales network is Australia’s number one online destination for buying and selling cars, motorbikes, trucks, boats, caravans and machinery equipment. Employing over 800 people, the core network of marketleading Australian classifieds sites is augmented by classifieds businesses in Chile, Mexico, Brazil, South Korea, Thailand, Malaysia and Indonesia. carsales develops world leading technology and advertising solutions in Melbourne that drive its business around the world.
Find out more at carsales.com.au