Auto Trader sells Webzone unit to Ireland's Mediahuis for €30m
Auto Trader Group
788.00p
17:15 07/01/25
-1.03%
-8.20p
Auto Trader said it had sold its Webzone subsidiary to Mediahuis Ireland for €30m.
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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.