Carsales.com Ltd (ASX:CAR) agreed to acquire Demotores S.A., Demotores Chile SpA and Demotores Colombia SAS from SA LA NACION for AUD 6.7 million on January 31, 2017. The transaction will be funded through existing cash reserves and debt facilities. DeMotores' existing senior management will be retained after the transaction. The transaction is expected to be completed by the end of March 2017. This investment is expected to have an immaterial impact on EBITDA. Adrian J. Deitz of Skadden, Arps, Slate, Meagher & Flom, L.L.P. acted as legal advisor to Carsales.com Ltd