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Blackstone Buys Greek E-Commerce Giant Skroutz
11 May
Summary
- Blackstone is acquiring the Greek e-commerce platform Skroutz.
- The seller is CVC Capital Partners Fund VII, a private equity firm.
- Skroutz founders will keep a stake and continue leading the company.
Blackstone has announced its acquisition of the Greek e-commerce platform Skroutz. The deal was made with CVC Capital Partners Fund VII, a prominent private equity firm. Skroutz, a key player in the Greek online retail sector, will now come under the ownership of Blackstone.
This acquisition includes a partial divestment of shares by Skroutz's founders. However, they will maintain a significant stake in the company. Furthermore, the founders will continue to lead the business moving forward, with George Chatzigeorgiou remaining in his role as CEO. This ensures the ongoing strategic direction and operational management of Skroutz remains with its original visionaries.
