Hellman & Friedman acquires controlling stake in Scout24 for €700M in debt financing

Britain's Barclays PLC, Japan's Nomura and the Royal Bank of Canada are leading the loan financing for Hellman & Friedman LLC's buyout of Scout24. The classified advertising business will be bought for EUR700 million in debt funding.

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Deutsche Telekom to sell stake of Online Ad company, Scout24

Deutsche Telekom announced on Thursday that it would be selling its 70 percent stake of Scout24 to the SF-based Hellman & Friendman group while still retaining a 30 percent stake. The deal is worth 2 billion EU.

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Deutsche Telekom reportedly nearing sale of Scout24

Three unnamed sources told Bloomberg that Deutsche Telekom AG was approaching to close the sale of its digital-classifieds business Scout24 Holding to Hellman & Friedman LLC for EUR2 billion or USD2.7 billion, including debt.

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Deutsche Telekom to sell Scout24 to Hellman & Friedman for EUR2 billion

Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.

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Scout24's new owner still to be decided by Deutsche Telekom

Focus magazine reported that Deutsche Telekom would still choose a buyer for its online classified advertising business, Scout24.

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Axel Springer pulls out of bidding for Scout24

German publisher Axel Springer withdrew from the race to bid for 30% of Deutsche Telekom's Scout24.

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