Autoscout24 and financial check: Popular portals change hands

The Internet portal operator Scout24 sold its offshoot AutoScout24 and financial check to the financial investor Hellman & Friedman. The purchase price was appr

Autoscout24 and financial check: Popular portals change hands
The Internet portal operator Scout24 sold its offshoot AutoScout24 and financial check to the financial investor Hellman & Friedman. The purchase price was approximately 2.9 billion euros, according to the MDax-listed company on Tuesday evening in Munich. The management Board and the Supervisory Board have agreed to the Deal. According to the figures, the price could be adjusted but still. In addition, the Supervisory authorities must agree to the business.Scout24 had confirmed the talks with Hellman & Friedman on Monday. The financial investor had brought the portal operator for only a little over four years to the stock market. In February, he had the company buy it back. Along with Blackstone submitted a takeover offer for the entire company failed, however, to the lack of willingness of the shareholders. All Finanzcheck.de vouchers are to be repaid in December 2019 debt of 2.9 billion euros for Autoscout24 due. Photo: Sebastian Gollnow/dpa Scout24 chief Tobias Hartmann is with the sale of the subsidiary of Autoscout24 to the US-Investor Hellman & Friedman very happy. "We will sell Autoscout24 for a record price of nearly 2.9 billion euros," said Hartmann, the "Handelsblatt" (Wednesday). It was an "excellent bonus". The transaction is expected to be completed in the first half of the year 2020. "A part of the sale proceeds, we will distribute to the shareholders, with a part, we will pay off debt," said Hartmann of the sheet. The sum still need to be a closer vote.At the beginning of June, the activist Investor Paul Singer increased his hedge Fund Elliott his shares in the group. He asked, Scout24, to sell the Portal for car trading, and to focus on Immobilienscout24. For the car portal had, according to the media, other financial investors, as well as the Australian Online marketplace carsales.com reports last interested. Finanzen100 (Android & iOS) Finanzen100 Börse & Aktien - Android App 3.10 -evaluation of Very good

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Updated Date: 23 December 2019, 10:56

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