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Three Carsales.com directors step down

Three Carsales.com directors step down

Automotive classifieds business Carsales.com (ASX:CRZ) has revealed that three of its non-executive directors have resigned.

Graham Brooke, David Gygnell and Adrian Mackenzie have all left the board, after Nine Entertainment revealed it would sell its 49% stake in the company through wholly-owned subsidiary ACP Magazines.

Carsales.com Greg Roebuck said he didn't expect the sale to affect the operational workings of the company, due to the arms-length nature of its previous arrangements with Nine and ACP.

CRZ shares fell 4.6% during Monday's trading to $5.000.

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Tags Mergers and acquisitionsCarsales.comGraham BrookeASX:CRZNiDavid GygnellAdrian Mackenzie

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