Axel Springer Digital Classifieds acquires majority of property portal Immoweb in Belgium

Axel Springer Digital Classifieds, the company founded by Axel Springer and global growth investor General Atlantic as part of a strategic partnership in Spring 2012, has acquired 80 % of the shares of the Belgian property portal Immoweb from members of the Rousseaux family and Produpress S.C.A. The purchase price comes to €127.5 million. Christophe Rousseaux, who will continue to manage Immoweb as CEO, and two other family members retain a 20 % share in the company.

IMMOWEB S.A. was founded in 1996 and operates the leading Belgian property portal. Every month more than 2.4 million unique visitors use Immoweb’s platform.

Axel Springer’s online classifieds business is bundled into Axel Springer Digital Classifieds GmbH, with Axel Springer holding a 70 % share and General Atlantic holding a 30 % share in this company. Along with the European job portal StepStone Group and UK-based job portal Totaljobs, the French property portal SeLoger, the German property portal Immonet and the German city portal meinestadt.de also form part of Axel Springer Digital Classifieds.

Germany, Berlin & Belgium, Brussels

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