PROSUS' OLX TO BUY FRENCH CLASSIFIED PLATFORM LA CENTRALE IN $1.3 BILLION DEAL
https://media.zenfs.com/en/reuters-finance.com/18142c15913fe7d2d7d20f65572c0a8d
✍️ OLX, a leading online marketplace, is acquiring French motors classified platform La Centrale for 1.1 billion euros, aiming to establish itself as Europe's leading e-commerce provider.
👉 OLX is acquiring La Centrale for 1.1 billion euros 👉 The deal aims to establish OLX as Europe's leading e-commerce provider 👉 The acquisition will strengthen OLX's e-commerce presence in Europe 👉 La Centrale sold around 1.6 million cars last year, accounting for a third of all used cars sold in France 👉 The deal will create opportunities for technological development, particularly in AI technology
-- #AlessandroParodi #FahdBeg #ChristianGisy #FabricioBloisi #Europe #France #business
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