Axel Springer Digital Classifieds acquires majority of in Belgium

immoAxel Springer Digital Classifieds, the company founded by Axel Springer and global growth investor General Atlantic as part of a strategic partnership in the spring of 2012, acquires a majority interest in Belgian property portal A share purchase agreement regarding the acquisition of 80 per cent of the shares in IMMOWEB S.A. was concluded with members of the owning family Rousseaux and Produpress S.C.A. today. The purchase price amounts to EUR 127.5 million. Christophe Rousseaux, who will continue to lead IMMOWEB S.A. as CEO, as well as two other family members retain a 20 per cent participation in the company.

IMMOWEB S.A., founded in 1996, operates the leading Belgian online property portal. Every month more than 2.4 million Unique Visitors use’s platform. axel_springer_logo

In early March 2012, Axel Springer AG and the global growth investor General Atlantic agreed to set up Axel Springer Digital Classifieds GmbH. The strategic partnership created the conditions necessary for accelerated growth within digital classifieds. Axel Springer’s online classifieds business is bundled into Axel Springer Digital Classifieds, with Axel Springer holding a 70 percent share, as majority shareholder, and General Atlantic holding a 30 percent share in this company. Along with the European online job portal StepStone and the market-leading job portal in the United Kingdom, Totaljobs, the French property portal SeLoger, the German property portal Immonet and the German city portal also form part of Axel Springer Digital Classifieds.

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