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General Atlantic JV seals €127.5m Immoweb deal

8 Nov 2012

Global growth investor General Atlantic‘s joint venture with Axel Springer has bought Belgian property website Immoweb in a €127.5m deal.

GA helped launch Axel Springer Digital Classifieds in March, picking up a 30 per cent stake in the business for €237m.

ASDC also holds Axel’s French real estate portal SeLoger, its German real estate portal Immonet, and StepStone, the publisher’s pan-European job portal.

Immoweb chief executive Christian Rousseaux will continue in his role following the takeover and keep a 20 per cent share  of the company, alongside two other members of the family.

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