OLX GROUP - Istanbul Nov 28 letgo is the largest and fastest-growing app to buy and sell locally. As part of the deal, OLX Group will contribute its operations in the four countries into EMPG and will become EMPG's largest single shareholder, owning 39% of the company. OLX Group is a global product and tech company that takes pride in its user-centricity. Informa Markets, a trading division of Informa PLC. After this deal, besides expanding to Egypt and Lebanon, EMPG will also operate OLX’s platforms in Pakistan, Saudi Arabia, Bahrain, Kuwait, Qatar and … As EMPG’s largest shareholder, we'll have a front seat to explore how we can scale their services model further - taking our ambition to shape the future of classifieds into its next stage.". Copyright © 2020. See the full list at Craft. Looking to sell something? Read more about OLX Group Engineering. Registered in England and Wales. OLX Group, a Prosus ’s global classifieds business, alongside existing EMPG shareholders, will also invest $150 million into the group, which values EMPG at US $1 billion after the transaction. With a primary listing on Euronext Amsterdam and a secondary listing on the JSE, Prosus is majority-owned by Naspers. OLX is now EMPG's largest single shareholder, owning just over 39% of the company, and the combined group is valued at USD1 billion. We are open to receive all of our users messages 24 hours/day 7 days/week. letgo is affiliated with OLX Group which is the one of ... a global product and tech group with: +20 brands 15 time ... upgrade their lives. In Pakistan and the UAE, both groups’ platforms will be operated by EMPG and will continue to operate through their well-known local brands. OLX Group is the online classifieds business of Prosus, a global consumer internet group and one of the largest technology investors in the world. Join the millions who buy and sell from each other everyday in local communities around the world. You can change your mind at any time by visiting our cookie policy page. Cityscape Intelligence is part of the Informa Markets Division of Informa PLC. OLX is the best local classifieds in Egypt to buy and sell anything you can think of; your old mobile phone, your used sofa, your car, or even your flat. OLX is the easiest and fastest way to post a free Ad. OLX is the leading classifieds website for users in UAE (under the name of dubizzle.com), Egypt, Bahrain, Saudi Arabia, Lebanon, Kuwait, Oman and Qatar. OLX is the online global classifieds business of Prosus, a global consumer internet group and one of the largest technology investors in the world, serving more than 300 million people every month and operating more than 20 consumer brands. The A&O team supporting David comprised lawyers from A&O's offices in Dubai, Abu Dhabi, Brussels, Istanbul, Amsterdam, Madrid, Singapore, Belfast, Warsaw and Casablanca. 6 were here. ... OLX is part of the OLX Group, a global product and tech company with 17 brands, +40 countries, +5000 people and one mindset. OfferUp raises $120M, will acquire rival Letgo; OLX Group to own 40% of combined entity It’s a big day for OfferUp. OLX has 1000's ads available in India of goods for sale from cars, furniture, electronics to jobs and services listings. We’re a global product and tech group. All rights reserved. 1 The OLX Egypt team wanted to acquire new app users who were likely to contribute listings. Save as favorite. This deal puts us one step further in our journey towards providing solutions in multiple markets to over a billion consumers around the world, expanding our classifieds offering significantly. EMPG's flagship ventures are Bayut in the UAE, Saudi Arabia and Jordan, Zameen in Pakistan, Bproperty in Bangladesh, Mubawab in North Africa and Kaidee in Thailand and it has dedicated tech centres in Romania, Spain, Thailand and Pakistan. Find out about our well-loved brands including Avito, OLX, and Otomoto, read our latest news, and explore the open roles available across all our offices. No, thanks. OLX is the world’s leading classifieds platform in high-growth markets. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. “Our unique ability to scale using our proprietary tech has aided and enabled this expansion. The next phase is an exciting one, with EMPG’s real estate industry expertise helping deepen the customer experience. How can I apply to work with OLX? X. X . Remove from favorites Save search as Favorite . Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the JSE … Sort by: Most recent; In Egypt and Lebanon, EMPG will operate the existing OLX platforms, rolling out new services for the real estate community, as well as offering consumers a superior experience across all categories. OLX Egypt. The deal includes merger of OLX Group’s classifieds business with Emerging Markets Property Group (EMPG) in Pakistan, Egypt, Lebanon, and the United Arab Emirates. Take the next step in your career and explore jobs at OLX Group. One mindset. Environmental, Climate and Regulatory Law, Litigation, Arbitration and Investigations, Sanctions, International Trade and Investment Compliance, Other areas of Latin America and the Caribbean, The A&O Legal Innovation Benchmarking Report, Anti-slavery and human trafficking statement. OLX Group is headquartered in Amsterdam, Netherlands and has 33 office locations across 28 countries. It’s available.. Toggle navigation. Amsterdam and Dubai 28 April, 2020: Emerging Markets Property Group (EMPG), a leading property portal group in emerging markets, and OLX Group, Prosus’s global classifieds business, have announced their merger in Pakistan, Egypt, Lebanon and the UAE. EMPG's flagship ventures are Bayut in the UAE, Saudi Arabia and … Search was added to Favorites. It also raised $150 million in a funding round led by OLX Group. Semua barang ada disini, dari handphone, komputer, otomotif, fashion bahkan rumah dan lowongan kerja. We operate in 30+ countries under 20+ well-loved brands including Avito, OLX, Otomoto, letgo, Property24, and many more. Log in. Price from Price to Clear parameters. New Available for delivery. Allen & Overy has advised OLX Group (OLX), one of the world's fastest growing marketplace networks, on the merger of its businesses in Pakistan, Egypt, Lebanon and the UAE with Emerging Markets Property Group (EMPG), which owns and operates property verticals and classifieds platforms in emerging markets. The OLX Arabia app is the region’s leading shopping app, and ranks among the top 10 in Egypt. After this deal, besides expanding to Egypt and Lebanon, EMPG will also operate OLX's platforms in Pakistan, Saudi Arabia, Bahrain, Kuwait, Qatar and Oman, and the dubizzle platform in the UAE. In Pakistan and the UAE, both groups’ platforms will be operated by EMPG and will continue to operate through their well-known local brands. The deal involves a $150mln investment round, headed by OLX Group as well as the current shareholders of EMPG - ZAWYA MENA Edition 20+ brands. OLX Group with the deal has become the single largest shareholder of EMPG, owning 39 percent of the company. Lines and paragraphs break automatically. camera - OLX - Buy and Sell for free anywhere in Bahrain ... Egypt Jordan Kuwait Lebanon Oman Qatar Saudi Arabia UAE . As part of the transaction, OLX contributed its operations in each of Pakistan, Egypt, Lebanon and the UAE (including the businesses operating as Dubizzle, Masterkey and We Cash Any Car) into EMPG and led a USD150 million funding round with participation from existing EMPG shareholders. The combination of a number of home-grown businesses to create a "UAE Unicorn" is a further validation of the UAE's status as a regional tech hub.". We operate the world's fastest-growing network of trading platforms. We use cookies on our site to remember you, show you content we think you will like and help you to use the site. OLX Group has announced a merger with Emerging Markets Property Group (EMPG) which runs property sites in Pakistan, Egypt, Lebanon, and the UAE. With hundreds of millions of listings to date, letgo is among… reviews. OLX Arabia is actively expanding in the MENA region in Bahrain, Egypt, Kuwait, Lebanon, Oman, Qatar and Saudi Arabia. OLX Egypt | 2,561 followers on LinkedIn | A global brand with local expertise, empowering people to upgrade their lives! Jobs and Careers at OLX Group, Egypt. In Egypt and Lebanon, EMPG will operate the existing OLX platforms, rolling out new services for the real estate community, as well as offering consumers a superior experience across all categories. Recently selected: X. Allen & Overy has advised OLX Group (OLX), one of the world's fastest growing marketplace networks, on the merger of its businesses in Pakistan, Egypt, Lebanon and the UAE with Emerging Markets Property Group (EMPG), which owns and operates property verticals and classifieds platforms in emerging markets. Only with photos. The agreement includes a US $150 million investment round, led by OLX Group along with existing EMPG shareholders, which values EMPG at US $1 billion after the transaction. 5000+ people. Select location: + 0 km 0 + 0 km 0 + 2 km 2 + 5 km 5 + 10 km 10 + 15 km 15 + 30 km 30 + 50 km 50 + 75 km 75 + 100 km 100; Properties. Click 'Accept' to consent to cookies other than strictly necessary cookies or 'Reject' if you do not. Our brands are household names, and currently help tens of millions of people to exchange goods and services every month. It might even help you find a new job! EMPG's flagship ventures are Bayut in the UAE, Saudi Arabia and … Buy or sell something today! https://www.cityscape-intelligence.com/sites/all/themes/penton_subtheme_cityscape_intelligence/images/logos/footer.png, Deal includes OLX Group's businesses in Pakistan, Egypt, the UAE and Lebanon, Trending: A new tool for heightened employee and workplace wellness, Luxury retailers pivot global expansion strategies towards Asia Pacific, Suburban offices attract investor interest, 6 digital trends that will change the future of workplaces in the Middle East. This presents a great opportunity for EMPG to enhance their real estate services in these markets. 2,300,000 $: This marvelous apartment is situated in a well maintained building and features high-specification contemporary interiors, located within a very … OLX Group is the online classifieds business of the global consumer internet group, Prosus, one of the largest technology investors in the world, which is majority-owned by Naspers. Web page addresses and e-mail addresses turn into links automatically. As the world’s fastest-growing marketplace, we empower people to upgrade their lives - by making the exchange of goods and services easy and convenient for everyone. Source: Emirates News Agency Dubai-based Emerging Markets Property Group, EMPG, and OLX Group, owners of home grown technology firms Bayut and Dubizzle, have announced the merger of their MENA and South Asia operations to form an AED3.6 billion (US$1 billion) Dubai-based unicorn company. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Allen & Overy has advised OLX Group (OLX), one of the world's fastest growing marketplace networks, on the merger of its businesses in Pakistan, Egypt, Lebanon and the UAE with Emerging Markets Property Group (EMPG), which owns and operates property verticals and classifieds platforms in emerging markets. OLX Group has now become the single largest shareholder of EMPG, owning 39 percent of the company. EMPG will use the new capital to develop a range of new services, creating a more seamless user experience, enhancing data transparency, and deepening market intelligence for both consumers and business users. EMPG merges with OLX Group in Pakistan, Egypt, Lebanon and the UAE. save to favorites Create an account to save. OLX is part of OLX Group, a network of leading marketplaces present in 30+ countries with 20+ brands. Amsterdam and Dubai: Emerging Markets Property Group (EMPG), a leading property portal group in emerging markets, and OLX Group, Prosus’s global classifieds business, have announced their merger in Pakistan, Egypt, Lebanon and the UAE. The deal includes merger of OLX Group’s classifieds business with Emerging Markets Property Group (EMPG) in Pakistan, Egypt, Lebanon, and the United Arab Emirates. We operate a network of online trading platforms in over 40 countries under market-leading brands that are used by over 300 million people every month to buy and sell almost anything, creating win-win exchanges for people, their communities and the environment. OLX Indonesia, pusat jual beli online terbesar di Indonesia. Amsterdam and Dubai: Emerging Markets Property Group (EMPG), a leading property portal group in emerging markets, and OLX Group, Prosus’s global classifieds business, have announced their merger in Pakistan, Egypt, Lebanon and the UAE. Corporate partner David Foster, who led the A&O team, commented: "We are delighted to have supported OLX on this important transaction. Zameen’s parent company, Emerging Markets Property Group (EMPG), and OLX Group (Prosus global) have announced a merger in four countries: Pakistan, Egypt, Lebanon and … Environmental, Social and Governance (ESG), Sustainable design in the built environment, A new tech tool for Russia’s real estate brokers in 2021, Advancement of IoT and sustainability: an ESG-driven goal, Corporate ESG strategy rises in importance for operational residential sector, EU trend: higher investment into Germany and Sweden’s care homes, UAE’s largest healthcare & medical supplies distribution center, Record €32 billion raised for global real estate debt vehicles, The agreement brings a US $150 million cash injection led by, EMPG valued at US $1 billion post transaction, Allowed HTML tags:


. For more details, please see our cookies policy. Number 8860726. Since its launch in 2005 by J.C. Butler and Sim Whatley, dubizzle.com has become the number one platform for users to buy, sell, or find anything in … Please feel free to contact us through our Contact Us form. EMPG is currently present in the GCC region with Bayut, Pakistan with Zameen, Bangladesh with Bproperty, Morocco and Tunisia with Mubawab, and Thailand with Kaidee. Sign in to save it for good. At the same time, they wanted to find a way to test the relative performance of … Ad was added to Favorites. “EMPG has grown at a tremendous pace since its inception,” said CEO Imran Ali Khan. ", Martin Scheepbouwer, CEO of OLX Group, says "I'm proud of what we have built in these four markets. | At OLX Group, we shape the future of trade to unlock the hidden value in everything. Apr 28, 2020. waya.media . OLX Group operates the fastest-growing network of trading platforms globally. OLX Group | 119,141 followers on LinkedIn. The aggregated value of properties sold in these markets is estimated at US $90 billion, providing a commission pool for real estate agencies of over US $2 billion per annum.

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