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

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FILE PHOTO: Virginie Morgon, CEO, Eurazeo, speaks at the 2019 Milken Institute Global Conference in Beverly Hills

PARIS – Investment firm Eurazeo 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.

(Reporting by Sudip Kar-Gupta; Editing by Clarence Fernandez)