Buy or sell something today! The deal involves a $150mln investment round, headed by OLX Group as well as the current shareholders of EMPG - ZAWYA MENA Edition Please feel free to contact us through our Contact Us form. OLX Egypt | 2,561 followers on LinkedIn | A global brand with local expertise, empowering people to upgrade their lives! 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. 2,300,000 $: This marvelous apartment is situated in a well maintained building and features high-specification contemporary interiors, located within a very … 20+ brands. camera - OLX - Buy and Sell for free anywhere in Bahrain ... Egypt Jordan Kuwait Lebanon Oman Qatar Saudi Arabia 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. OLX has 1000's ads available in India of goods for sale from cars, furniture, electronics to jobs and services listings. 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. Sort by: Most recent; X. X . 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 … Remove from favorites Save search as Favorite . Our brands are household names, and currently help tens of millions of people to exchange goods and services every month. Looking to sell something? OLX is the world’s leading classifieds platform in high-growth markets. Lines and paragraphs break automatically. 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. 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. Apr 28, 2020. waya.media . 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. 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. OLX Group is headquartered in Amsterdam, Netherlands and has 33 office locations across 28 countries. 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. 1 The OLX Egypt team wanted to acquire new app users who were likely to contribute listings. 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. Click 'Accept' to consent to cookies other than strictly necessary cookies or 'Reject' if you do not. 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 the world's fastest-growing network of trading platforms. 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. See the full list at Craft. OLX Group | 119,141 followers on LinkedIn. OLX Arabia is actively expanding in the MENA region in Bahrain, Egypt, Kuwait, Lebanon, Oman, Qatar and Saudi Arabia. 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. 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 … You can change your mind at any time by visiting our cookie policy page. OLX Group has announced a merger with Emerging Markets Property Group (EMPG) which runs property sites in Pakistan, Egypt, Lebanon, and the UAE. 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. After this deal, besides expanding to Egypt and Lebanon, EMPG will also operate OLX’s platforms in Pakistan, Saudi Arabia, Bahrain, Kuwait, Qatar and … We’re a global product and tech group. EMPG's flagship ventures are Bayut in the UAE, Saudi Arabia and … 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. Save as favorite. | At OLX Group, we shape the future of trade to unlock the hidden value in everything. 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. 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 in 30+ countries under 20+ well-loved brands including Avito, OLX, Otomoto, letgo, Property24, and many more. 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. Join the millions who buy and sell from each other everyday in local communities around the world. 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. Recently selected: X. Informa Markets, a trading division of Informa PLC. 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.". No, thanks. 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. 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. Corporate partner David Foster, who led the A&O team, commented: "We are delighted to have supported OLX on this important transaction. “EMPG has grown at a tremendous pace since its inception,” said CEO Imran Ali Khan. OLX is part of OLX Group, a network of leading marketplaces present in 30+ countries with 20+ brands. Search was added to Favorites. All rights reserved. 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. “Our unique ability to scale using our proprietary tech has aided and enabled this expansion. In Pakistan and the UAE, both groups’ platforms will be operated by EMPG and will continue to operate through their well-known local brands. save to favorites Create an account to save. OLX GROUP - Istanbul Nov 28 letgo is the largest and fastest-growing app to buy and sell locally. OfferUp raises $120M, will acquire rival Letgo; OLX Group to own 40% of combined entity It’s a big day for OfferUp. 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. Cityscape Intelligence is part of the Informa Markets Division of Informa PLC. 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 with the deal has become the single largest shareholder of EMPG, owning 39 percent of the company. Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the JSE … The next phase is an exciting one, with EMPG’s real estate industry expertise helping deepen the customer experience. 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. 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:


. 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. How can I apply to work with OLX? OLX Egypt. At the same time, they wanted to find a way to test the relative performance of … It might even help you find a new job! Ad was added to Favorites. Sign in to save it for good. Web page addresses and e-mail addresses turn into links automatically. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. OLX Group is the online classifieds business of Prosus, a global consumer internet group and one of the largest technology investors in the world. It also raised $150 million in a funding round led by OLX Group. EMPG's flagship ventures are Bayut in the UAE, Saudi Arabia and … We are open to receive all of our users messages 24 hours/day 7 days/week. 5000+ people. Read more about OLX Group Engineering. Price from Price to Clear parameters. 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. For more details, please see our cookies policy. Number 8860726. Registered in England and Wales. 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.

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