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France's Eurazeo to sell rest of 51% stake in U.S. firm Trader Interactive

Published 06/29/2022, 02:03 AM
Updated 06/29/2022, 03:51 AM
© Reuters. FILE PHOTO: Virginie Morgon, CEO, Eurazeo, speaks at the 2019 Milken Institute Global Conference in Beverly Hills, California, U.S., April 30, 2019. REUTERS/Lucy Nicholson
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© Reuters. FILE PHOTO: Virginie Morgon, CEO, Eurazeo, speaks at the 2019 Milken Institute Global Conference in Beverly Hills, California, U.S., April 30, 2019. REUTERS/Lucy Nicholson

PARIS (Reuters) - Investment firm Eurazeo (EPA:EURA) has agreed to sell its remaining stake of 51% in U.S.-based digital marketing company Trader Interactive, on an enterprise valuation basis of $1.9 billion, the French company said on Wednesday.

Eurazeo said its sale to online car advertising platform company 'carsales' would bring it pre-tax proceeds of $238 million.

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