News Score: Score the News, Sort the News, Rewrite the Headlines

EQT to Sell Majority Stake in Idealista in €2.9 Billion Deal

EQT AB has agreed to sell a majority stake in Idealista to private equity firm Cinven in a deal valuing the online real estate platform at €2.9 billion ($3.1 billion). Cinven is buying a 70% stake in Idealista with EQT retaining an 18% holding in the business, according to a statementBloomberg Terminal on Friday. Apax Partners and Oakley Capital will sell their holdings, while Jesus Encinar, founder and chairman of the real estate platform, plans to keep his stake and continue to lead the firm a...

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines