Europe’s leading bloodstock auctioneers Tattersalls have completed a deal to take a majority stake in French sales company Osarus.
The deal between the two parties was made public by officials at Tattersalls, which has its headquarters in Newmarket, at the end of last week.
Although Osarus, whose flagship September Yearling Sale will take place at La Teste de Buch Racecourse on September 11 and 12, was only founded seven years ago it has rapidly established itself as a significant force in the French bloodstock industry.
Since its inaugural September sale in 2008 which yielded 46,780 euros the sale has grown every year.
Last year’s sale achieved a turnover of 2,913,000 euros, an 87 per cent rise on the 2012 sale.
“We view the move as an investment in a vibrant, young company which has made a significant impact in an important sector of the European bloodstock mark in a short space of time,” said Edmond Mahony, Tattersalls chairman.
“We have been working with the Osarus team for more than 18 months and taking the majority stake in the firm reflects how impressed we have been by their collective vision.”