Blackstone Acquires Greek E-Commerce Platform Skroutz from CVC

Blackstone has announced the acquisition of Skroutz, a leading Greek e-commerce platform, from private equity firm CVC Capital Partners. Financial details of the deal were not disclosed. The move is seen as part of Blackstone's strategy to expand its technology and digital retail investments in Europe. Skroutz is known for its online shopping and price comparison services in Greece. CVC had acquired Skroutz in 2021 and invested to accelerate the platform's growth. Blackstone's acquisition is said to demonstrate confidence in Greece's digital economy potential. Skroutz is considered one of the pioneers of e-commerce in the country and has a broad user base. With this acquisition, Blackstone adds a strong e-commerce player to its portfolio while aiming to diversify its technology-focused investments in Europe. The deal is expected to contribute to Greece's digital transformation and increase business opportunities in the region. This is not investment advice.