Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Carsales.com Provides an Investor Presentation - Acquisition and Entitlement Offer

27 Jun 2022  |  10:35:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Investor Presentation - Acquisition and Entitlement Offer

Carsales.com provided an investor presentation. It has exercised its call option to acquire the remaining 51% of Trader Interactive, (Acquisition), for USD$809m, or AUD$1,172m equivalent (Acquisition Price). The Acquisition Price values Trader Interactive on an 100% Enterprise Value (EV) equivalent basis at USD$1,897m, or AUD$2,749m equivalent. It will report the results of TI on a consolidated basis post completion of the Acquisition in H1 FY 2023. Pro forma FY 2022 Revenue and EBITDA for the combined business is expected to be between AUD$700-704m and AUD$379-383m respectively assuming Acquisition occurred on 1 July 2021. New Shares issued under the Entitlement Offer will participate in the FY 2022 final dividend.

Please click here for full details

See more ASX300 News Announcements