March 8 (Reuters) - Australian online auto classifieds
firm Carsales.com Ltd said on Wednesday it would launch
an A$500 million ($329.40 million) equity raising to fund a deal
to acquire an additional 40% stake in Brazil-based automotive
digital marketplace Webmotors SA.
The acquisition price for the stake increase will be about
A$353 million and will make Carsales a 70% owner of Webmotors,
it said.
($1 = 1.5179 Australian dollars)
(Reporting by Himanshi Akhand in Bengaluru; Editing by Maju
Samuel)
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