Brief: Carsales.Com To Launch A$500 Mln Equity Raising

CAR

07/03/2023 22:02

March 8 (Reuters) - Carsales.Com Ltd  CAR.AX :
    * LAUNCH AUD500M EQUITY RAISING
    * WILL ACQUIRE AN ADDITIONAL 40% OF WEBMOTORS S.A.
    * ACQUISITION PRICE IS APPROXIMATELY A$353M
    * ACQUISITION WILL BE FUNDED BY A$500M FULLY UNDERWRITTEN 1
FOR
14.01 PRO-RATA ACCELERATED RENOUNCEABLE ENTITLEMENT OFFER
    * ENTITLEMENT OFFER WILL BE CONDUCTED AT AUD$19.95 PER NEW
SHARE
    * ACQUISITION IS EXPECTED TO COMPLETE IN Q4 FY23
    * ACQUISITION WILL INCREASE CARSALES' STAKE IN WEBMOTORS TO
70%

Source text for Eikon:  ID:nASX2fH7z9 
Further company coverage:  CAR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))