Axel Springer to buy 51% of Car&Boat Media

Monday 30 June 2014 | 08:24 CET | News
German media and internet group Axel Springer has signed an agreement to acquire 51 percent of French car advertising portal operator Car&Boat Media for EUR 72 million, corresponding to a company valuation of EUR 142 million. Car&Boat Media owns LaCentrale.fr , the leading specialised marketplace for used cars on the internet in France, as well as new car marketplace Promoneuve.fr, boat marketplace Annoncesbateau.com, car-related content and community Caradisiac.com, and used car insurance broker Garantie System. The CEO of the around 200-employee company, Francois Couffy, will remain in his

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Categories: Internet
Companies: Axel Springer
Countries: France
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