General Atlantic cuts stake in Axel Springer classifieds, with huge profit
08 Dec 2014
U.S. investment firm General Atlantic sold part of its stake in Axel Springer Digital Classifieds today for what one can only call “a fat profit”.
The company grew its investment of €237 million for a 30-percent share in classifieds company Axel Springer Digital Classifieds in March 2012 to €892 million in December 2014. It pocketed half that amount in cash (€446 million) today – when it sold h