Blackstone Inc. has agreed to acquire a majority stake in Skroutz, Greece’s online shopping marketplace, from CVC Capital Partners. The deal involves funds managed by Blackstone’s private equity business, which have reached a definitive agreement with CVC. According to the reports, the transaction is designed to expand Blackstone’s investment footprint in Greece and deepen its presence in the Mediterranean region.
The outlets describe Skroutz as one of Greece’s leading ecommerce platforms, commonly characterized as the largest or most popular shopping marketplace in the country. The agreement is framed as a new phase for the business after its growth in the Greek online retail market.
While the sources confirm the parties involved and the fact that Blackstone is buying a majority stake, they do not provide details in the excerpts about the purchase price, deal timing, or closing conditions. The reporting characterizes the move as a significant private equity transaction tied to Skroutz’s continued development and Blackstone’s broader portfolio strategy.
