Immobilienscout24 sells stake in PropertyGuru

10 Jun 2015

Immobilienscout24.de, Germany’s leading real estate site, sold its minority stake in Southeast Asia’s PropertyGuru for an undisclosed amount. It acquired the stake for $47 million U.S. back in 2012, when Marc Stilke was still CEO of Immobilienscout24.

According to a <a href="http://www.propertyportalwatch.com/2015/06/propertyguru-att

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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.