has announced the final terms of its deal to acquire 30% of Webmotors, the No.1 automotive website in Brazil. At A$87.7m, the price is about A$1m less than was flagged in April (see 17 Apr 13 (Buy – $9.11)), and Carsales will have ‘various minority shareholder protections including certain veto rights and pre-emptive rights’. It will also be entitled to a board position (to be filled by chief executive Greg Roebuck) and a representative on the management team.This is potentially a big opportunity for Carsales as Brazil is the fourth largest car market in the world, with about...



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles