OLX Group, a global online classifieds company wholly-owned by Prosus, announced it has agreed to acquire La Centrale, a French autos classifieds platform, from Providence Equity Partners L.L.C. for 1.1 billion euros in cash. Closing is expected by year-end, subject to a customary employee consultation process.
OLX said it operates fast-growing and highly profitable online marketplaces for motors, real estate, jobs and goods with 29 million monthly users in eight countries, primarily in Central and Eastern Europe. The acquisition marks OLX's entry into Western Europe and France's structurally attractive autos market.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.