Auto Trader sells Webzone unit to Ireland's Mediahuis for €30m

Auto Trader said it had sold its Webzone subsidiary to Mediahuis Ireland for €30m.

Mediahuis owns the CarsIreland.ie and Cartell.ie websites.

For the year ended 31 March 2022, Webzone, which trades as Carzone in Ireland, contributed total revenue of £4.9m and operating profit of £1.3m to Auto Trader's Group results.