Webmotors to increase capital of Carsales.com

07 Aug 2014

Webmotors, a website focused on cars which has strong operations in Brazil, announced it will sell more  stock which  will increase the value of Carsales.com 30 percent share of the company by Brazilian reais BRL180.5 million ($79.3 million). The deal was published recently in the Diario Oficial da Uniao, the country’s official gazette. This way,  Carsales.com’s capital in Webmotors will reach BRL194.5 million ($85.4 million). Webmotors will issue…

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Léo Siqueira

Léo Siqueira joined the AIM Group in 2014 as writer and analyst for Latin America. He is a multimedia journalist based in, but not limited to Campinas, Sao Paulo. Siqueira has been writing, reporting, and consulting for different news outlets and corporations in Brazil and in the US. Siqueira has worked for almost three years as a correspondent in Brazil with ICIS, the world’s largest information provider for the global petrochemical industry, and has been working with other global publishers, such as USA TODAY and Motorsport.com. His expertise includes general news coverage, online, print and multimedia journalism, and corporate communications as well. In this particular area, he has been working with international clients.