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

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

Stock Markets Jun 29, 2022 03:51AM ET

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

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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