Blackstone Buys Skroutz, Greece's E-commerce Giant

Blackstone Acquires Majority Stake in Skroutz, Greeces Top E-commerce Platform, for $747M: Blackstone has bought a majority stake in Skroutz, Greeces leading e-commerce site, from CVC Capital Partners for $747M. Skroutz, founded in 2005, has grown into a full-fledged marketplace with 9,000 merchants, 12M products, and 2.5M active users. Blackstone, known for its success in Adevinta and Property Finder, plans to leverage Skroutzs potential in Europes e-commerce boom, particularly in Greece and Southeast Europe, where online shopping penetration is low. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6bfe1a68a936d3d9