Prosus Unit OLX to Buy French Auto Trader in $1.3 Billion Deal

De Telegraaf

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Tech investor Prosus is ramping up its European shopping spree. OLX Group, the classifieds subsidiary wholly owned by Prosus, is investing €1.1 billion in La Centrale, a well-known French marketplace for cars and motorcycles.

Presse-citron

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The French site La Centrale has just been bought by the Dutch investment giant Prosus NV, after four years under the American giron.

FrenchWeb.fr

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OLX Group, a subsidiary of Prosus NV, has announced the acquisition of the La Centrale group for EUR 1.1 billion from Providence Equity Partners. The transaction, fully in cash, is to be finalised by the end of the year and is Prosus' third largest transaction since the arrival of its Managing Director Fabricio Bloisi. Historically established in Europe ... The article OLX offers La Centrale for EUR 1.1 billion and challenges Leboncoin on the Fr…

Globo

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The acquisition marks the entry of the OLX, controlled by the Prossus, into Western Europe and gives it a leading position in one of Europe's largest cars markets