CAR Group: Webmotors acquires 51% stake in Auto Avaliar for R$543M
Webmotors, part of CAR Group, has agreed to acquire a 51% stake in Auto Avaliar for R$543 million. Completion depends on CADE and Brazil's central bank approvals.
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what happened
According to Reuters, CAR Group said its Brazilian unit Webmotors has signed an agreement to acquire a 51% stake in Auto Avaliar for R$543 million (about A$144 million). Closing of the deal is subject to approval from Brazil's antitrust body CADE and the Central Bank of Brazil.
The company said the transaction is not expected to have a material impact on its consolidated revenue or earnings.
why it matters
For investors, this is a local deal of modest size relative to the whole group. The main condition left is regulatory approval, which will determine whether the purchase goes ahead.
tags
instruments
sources
- CAR Group Says Webmotors To Buy 51% Of Auto Avaliar For R$543 MLN — Reuters, 29 October 2026 at 01:34 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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