Reporting season ramps up this week and there promises to be much for deal makers to stew on.
First up, we’ll be keeping an eye on market darling Carsales.com to see whether it has anything to say about any shuffling inside its portfolio.
In Street Talk tonight, we reveal some early-stage talks at Carsales, which is thinking about another minority position mop-up deal soon after taking full control of American website Trader Interactive.
The most logical target, should the talks turn into something more, would be Brazilian cars and motorbikes online classifieds business Webmotors, where Carsales is sitting on a 30 per cent stake.
Webmotors’ business is gaining traction, to the point where analysts reckon it could now be worth about $1 billion. Mopping up the other shareholders - or moving to a control position - could further help diversify Carsales’ revenue away from its core Australian vehicles market.
It’s coming up to four years since Brookfield took the keys to Australia’s second-biggest hospitals group Healthscope, which in capital markets land means one thing: time for a refinancing.
You have received this email because you are subscribed to Street Talk First Look with the email address: newsletter@newslettercollector.com