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Investing.com -- Prosus’s OLX Group announced Friday it has agreed to acquire 100% of La Centrale, a leading French vertical motors classifieds platform, for €1.1 billion.
La Centrale, which attracts approximately 4.5 million monthly unique visitors, will be acquired at a high teens 2026 EV/EBITDA multiple, according to the announcement.
The acquisition represents a significant expansion of OLX Group’s automotive footprint into Western Europe and will strengthen Prosus’s ecosystem across the European market.
The deal marks OLX Group’s entry into the French automotive classifieds sector, adding to its existing portfolio of online marketplace platforms.
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