Axel Springer buys 80 percent of

06 Nov 2012
Axel Springer Digital Classifieds (ADC), the Berlin-based joint venture of media group Axel Springer and U.S.-based investment firm General Atlantic (GA), acquired 80 percent of Belgian real estate portal for €127.5 million ($163 million U.S.) from the owners - the family Rousseaux and the Belgian media group Produpress, managed by three members of the family.[caption id="attachment

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.