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Story summary
- Blackstone agreed to acquire a majority stake in Greek e-commerce platform Skroutz, valuing the company at €635 million including debt.
- The deal doubles CVC Capital Partners’ original investment as it sells its majority stake to Blackstone.
- Skroutz’s founders will keep a shareholding and retain George Chatzigeorgiou as chief executive officer.
- The platform lists 12 million products from 9,000 merchants and serves 2.5 million active users in Greece, Cyprus, Romania and Bulgaria.
