Blackstone Agrees to Buy Stake in Greek Online Market Skroutz

Blackstone Inc. has agreed to acquire a majority stake in Greek online market place Skroutz from CVC Capital Partners Plc, expanding its footprint in the Mediterranean country.

Skroutz’s founders will sell a portion of their shareholding but retain a stake and continue to lead the business, with George Chatzigeorgiou remaining chief executive officer, according to a statement reviewed by Bloomberg News. Financial details were not disclosed.