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,…