Big shareholder, managers sell stakes in Scout24

05 Oct 2017

U.S. private equity investor Hellman & Friedman, the single biggest shareholder of Germany’s Scout24 Group, and unnamed managers today sold altogether ten million Scout24 Group shares for €341 million ($399 million U.S.), the German news service IT-News.de reported. Hellman & Friedman reduced its stake in Scout24 from 23 percent to 16.4 percent (by 6.6 percentage points).

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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.