Axel Springer acquires Belgian real estate site Immoweb
German media group Axel Springer bought the majority of shares (80 percent) in the Belgian real estate listing website Immoweb, reports L’Echo/De Tijd today.
Immoweb was founded in 1996 by Christian Rousseaux. His son Christophe Rousseaux is currently CEO of Immoweb. According to Rousseaux, Immoweb received many buy out offers in recent years, and finally consented to a deal with Axel Springer because it saw an opportunity for further growth under Axel Springer ownership. Christophe Rousseaux will remain CEO of the team of 55 and the company’s headquarters will remain in Brussels.
Immoweb currently has about 140 000 real estate listings online and receives roughly 2,4 million unique visitors per month.
DataNews reports that Axel Springer paid 127,5 million € for the transaction.
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