Online marketplace OLX will buy French motors classified platform La Centrale for €1.1-billion (R22.4-billion), its owner Prosus said on Friday.
Amsterdam-headquartered Prosus, which is majority owned by South Africa’s Naspers and focused on food and lifestyle e-commerce, in August reported a 54% jump in its e-commerce adjusted core earnings.
On Friday it said that buying La Centrale would help it enter the European car market and strengthen its e-commerce presence in the continent complementing the planned acquisition of meal delivery company Just Eat Takeaway.
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“I expect to invest more in AI technology in France,” Prosus CEO Fabricio Bloisi said in a statement.
Prosus expects the deal to close by year-end. — Alessandro Parodi, (c) 2025 Reuters
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