Scout24 buys in Spain.
As the IMMOSCOUT24 operator announced, he takes over the Spanish real estate platforms FotoCasa and Habitaclia from the financial investor EQT. The transaction value of the transaction is around 153 million euros. Scout24 finances the takeover of cash and existing credit facilities.
The two companies are expected to achieve sales of around 60 million euros and a Pro-forma-Bitda of around 11 million euros in 2025. They should be continued under their brand names. Management remains on board. The platforms have more than 8 million monthly active users, around 1 million real estate advertisements and around 14,000 commercial customers.
The conclusion of the takeover is expected within the next six months. The ongoing share buyback program and the capital allocation of Scout24 remain unchanged.
The Scout24 share temporarily gives 2.07 percent in Tradegate trading to EUR 108.60.
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