OLX in R22.4bn deal to buy France’s La Centrale

OLX in R22.4bn deal to buy France’s La Centrale

Christian Gisy, CEO of OLX Group. OLX Group, an online classifieds business wholly-owned by Prosus, has announced an agreement to acquire La Centrale, a French autos classifieds platform, from Providence Equity Partners for €1.1 billion (R22.4 billion). The transaction is expected to close by year-end, subject to the customary employee consultation process. In a statement,…

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Africa: AU Welcomes France’s Recognition of State of Palestine

Africa: AU Welcomes France’s Recognition of State of Palestine

The African Union (AU) on Saturday welcomed France’s announcement to officially recognize the State of Palestine, describing it as a “significant step” that aligns with the AU’s longstanding position. In a statement issued Saturday, AU Commission Chairperson Mahmoud Ali Youssouf said the announcement by French President Emmanuel Macron, expressing his intention to recognize the State…

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