6 were here. Save as favorite. As part of the deal, OLX Group will contribute its operations in the four countries into EMPG and will become EMPG's largest single shareholder, owning 39% of the company. “EMPG has grown at a tremendous pace since its inception,” said CEO Imran Ali Khan. 2,300,000 $: This marvelous apartment is situated in a well maintained building and features high-specification contemporary interiors, located within a very … The deal involves a $150mln investment round, headed by OLX Group as well as the current shareholders of EMPG - ZAWYA MENA Edition In Pakistan and the UAE, both groups’ platforms will be operated by EMPG and will continue to operate through their well-known local brands. 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. OLX is the world’s leading classifieds platform in high-growth markets. The A&O team supporting David comprised lawyers from A&O's offices in Dubai, Abu Dhabi, Brussels, Istanbul, Amsterdam, Madrid, Singapore, Belfast, Warsaw and Casablanca. As EMPG’s largest shareholder, we'll have a front seat to explore how we can scale their services model further - taking our ambition to shape the future of classifieds into its next stage.". As part of the transaction, OLX contributed its operations in each of Pakistan, Egypt, Lebanon and the UAE (including the businesses operating as Dubizzle, Masterkey and We Cash Any Car) into EMPG and led a USD150 million funding round with participation from existing EMPG shareholders. It’s available.. Toggle navigation. This presents a great opportunity for EMPG to enhance their real estate services in these markets. Log in. OLX Group has announced a merger with Emerging Markets Property Group (EMPG) which runs property sites in Pakistan, Egypt, Lebanon, and the UAE. We’re a global product and tech group. 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. 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. Price from Price to Clear parameters. Read more about OLX Group Engineering. 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. “Our unique ability to scale using our proprietary tech has aided and enabled this expansion. It might even help you find a new job! No, thanks. 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. | At OLX Group, we shape the future of trade to unlock the hidden value in everything. OLX Arabia is actively expanding in the MENA region in Bahrain, Egypt, Kuwait, Lebanon, Oman, Qatar and Saudi Arabia. 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.". We operate the world's fastest-growing network of trading platforms. 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. Search was added to Favorites. 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. Number 8860726. For more details, please see our cookies policy. OLX Group is headquartered in Amsterdam, Netherlands and has 33 office locations across 28 countries. 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. After this deal, besides expanding to Egypt and Lebanon, EMPG will also operate OLX’s platforms in Pakistan, Saudi Arabia, Bahrain, Kuwait, Qatar and … save to favorites Create an account to save. EMPG merges with OLX Group in Pakistan, Egypt, Lebanon and the UAE. Well-Loved brands including Avito, olx, Otomoto, letgo is the region’s leading shopping,... And enabled this expansion on LinkedIn | a global brand with local expertise, people... Is majority-owned by Naspers Group - Istanbul Nov 28 letgo is the easiest and fastest way olx group egypt post a Ad! And services every month do not 10 in Egypt, dari handphone, komputer otomotif! Is actively expanding in the MENA region in Bahrain... 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