Carsales.com looks at iCar Asia takeover

Original article by Gretchen Friemann
The Australian Financial Review – Page: 26 : 11-Sep-14

Australian-listed Carsales.com currently holds a 22.9 per cent stake in iCar Asia. Rev Asia Berhad’s decision to offload its 27.2 per cent holding in iCar has prompted speculation that Carsales.com could launch a bid for control of the business. Carsales.com is keen to expand its international presence due to its limited growth opportunities in Australia, where it is the leading player in the automotive classified advertising sector

CORPORATES
CARSALES.COM LIMITED – ASX CRZ, ICAR ASIA LIMITED – ASX ICQ, REV ASIA BERHAD, CATCHA MEDIA BERHAD, CATCHA GROUP, IPROPERTY GROUP LIMITED – ASX IPP, REA GROUP LIMITED – ASX REA, SEEK LIMITED – ASX SEK, JOBSTREET CORPORATION BERHAD, ZHAOPIN LIMITED

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