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Prosus Classifieds Unit Invests $400 Mln In Frontier Car Group

Isis41P82553023161195 2022.02.25 21:08 조회 수 : 3

BERLIN, Nov 11 (Reuters) - The classifieds business of Prosus is becoming the main shareholder in Berlin-based second-hand car trading platform Frontier Car Group (FCG), Link Alternatif Slot777 through a deal that will knit together their operations across emerging markets.

Prosus unit OLX Group will invest up to $400 million in FCG, a startup co-founded in 2016 by 26-year-old American Sujay Tyle with an approach similar to that of another Berlin startup, AUTO1, that has been backed by Japan's Softbank Group.

(Reporting by Douglas Busvine; editing by Thomas Seythal)

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