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

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Christo Volschenk

Christo Volschenk is managing editor of the news on Aimgroup.com 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.