It might even help you find a new job! We operate in 30+ countries under 20+ well-loved brands including Avito, OLX, Otomoto, letgo, Property24, and many more. OLX is the worldâs leading classifieds platform in high-growth markets. OLX Group is headquartered in Amsterdam, Netherlands and has 33 office locations across 28 countries. After this deal, besides expanding to Egypt and Lebanon, EMPG will also operate OLXâs platforms in Pakistan, Saudi Arabia, Bahrain, Kuwait, Qatar and ⦠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. Save as favorite. Lines and paragraphs break automatically. save to favorites Create an account to save. 5000+ people. 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. 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 ⦠Semua barang ada disini, dari handphone, komputer, otomotif, fashion bahkan rumah dan lowongan kerja. 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. Itâs available.. Toggle navigation. Log in. OLX Group with the deal has become the single largest shareholder of EMPG, owning 39 percent of the company. As the worldâs fastest-growing marketplace, we empower people to upgrade their lives - by making the exchange of goods and services easy and convenient for everyone. Corporate partner David Foster, who led the A&O team, commented: "We are delighted to have supported OLX on this important transaction. OLX has 1000's ads available in India of goods for sale from cars, furniture, electronics to jobs and services listings. With hundreds of millions of listings to date, letgo is among⦠reviews. 2,300,000 $: This marvelous apartment is situated in a well maintained building and features high-specification contemporary interiors, located within a very ⦠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. OLX Group | 119,141 followers on LinkedIn. Remove from favorites Save search as Favorite . Recently selected: X. OLX Egypt | 2,561 followers on LinkedIn | A global brand with local expertise, empowering people to upgrade their lives! EMPG merges with OLX Group in Pakistan, Egypt, Lebanon and the UAE. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. EMPG's flagship ventures are Bayut in the UAE, Saudi Arabia and Jordan, Zameen in Pakistan, Bproperty in Bangladesh, Mubawab in North Africa and Kaidee in Thailand and it has dedicated tech centres in Romania, Spain, Thailand and Pakistan. EMPG's flagship ventures are Bayut in the UAE, Saudi Arabia and ⦠Zameenâs parent company, Emerging Markets Property Group (EMPG), and OLX Group (Prosus global) have announced a merger in four countries: Pakistan, Egypt, Lebanon and ⦠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. This presents a great opportunity for EMPG to enhance their real estate services in these markets. Jobs and Careers at OLX Group, Egypt. We are open to receive all of our users messages 24 hours/day 7 days/week. Only with photos. Click 'Accept' to consent to cookies other than strictly necessary cookies or 'Reject' if you do not. Buy or sell something today! Looking to sell something? How can I apply to work with OLX? Read more about OLX Group Engineering. Apr 28, 2020. waya.media . 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. See the full list at Craft. 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.". Ad was added to Favorites. The deal includes merger of OLX Groupâs classifieds business with Emerging Markets Property Group (EMPG) in Pakistan, Egypt, Lebanon, and the United Arab Emirates. 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. It also raised $150 million in a funding round led by OLX Group. 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. 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. No, thanks. Please feel free to contact us through our Contact Us form. Sort by: Most recent; OLX Group, a Prosus âs 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. At the same time, they wanted to find a way to test the relative performance of ⦠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: . 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. 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. 20+ brands. “EMPG has grown at a tremendous pace since its inception,” said CEO Imran Ali Khan. The aggregated value of properties sold in these markets is estimated at US $90 billion, providing a commission pool for real estate agencies of over US $2 billion per annum. 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. OLX Arabia is actively expanding in the MENA region in Bahrain, Egypt, Kuwait, Lebanon, Oman, Qatar and Saudi Arabia. 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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Sign in to save it for good. Number 8860726. ... OLX is part of the OLX Group, a global product and tech company with 17 brands, +40 countries, +5000 people and one mindset. The deal involves a $150mln investment round, headed by OLX Group as well as the current shareholders of EMPG - ZAWYA MENA Edition OLX Group is the online classifieds business of Prosus, a global consumer internet group and one of the largest technology investors in the world. Informa Markets, a trading division of Informa PLC. OLX Group operates the fastest-growing network of trading platforms globally. 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. Copyright © 2020. OLX Group has announced a merger with Emerging Markets Property Group (EMPG) which runs property sites in Pakistan, Egypt, Lebanon, and the UAE. Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the JSE ⦠Registered in England and Wales. All rights reserved. We use cookies on our site to remember you, show you content we think you will like and help you to use the site. 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. | At OLX Group, we shape the future of trade to unlock the hidden value in everything. 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. With a primary listing on Euronext Amsterdam and a secondary listing on the JSE, Prosus is majority-owned by Naspers. X. X . The next phase is an exciting one, with EMPG’s real estate industry expertise helping deepen the customer experience. 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. OLX Group has now become the single largest shareholder of EMPG, owning 39 percent of the company. OfferUp raises $120M, will acquire rival Letgo; OLX Group to own 40% of combined entity Itâs a big day for OfferUp. 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.". 6 were here. OLX Indonesia, pusat jual beli online terbesar di Indonesia. Weâre a global product and tech group. “Our unique ability to scale using our proprietary tech has aided and enabled this expansion. OLX is the leading classifieds website for users in UAE (under the name of dubizzle.com), Egypt, Bahrain, Saudi Arabia, Lebanon, Kuwait, Oman and Qatar. The deal includes merger of OLX Groupâs classifieds business with Emerging Markets Property Group (EMPG) in Pakistan, Egypt, Lebanon, and the United Arab Emirates. For more details, please see our cookies policy. OLX GROUP - Istanbul Nov 28 letgo is the largest and fastest-growing app to buy and sell locally. EMPG's flagship ventures are Bayut in the UAE, Saudi Arabia and ⦠OLX is now EMPG's largest single shareholder, owning just over 39% of the company, and the combined group is valued at USD1 billion. We operate the world's fastest-growing network of trading platforms. 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 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. camera - OLX - Buy and Sell for free anywhere in Bahrain ... Egypt Jordan Kuwait Lebanon Oman Qatar Saudi Arabia UAE . OLX Egypt. You can change your mind at any time by visiting our cookie policy page. Web page addresses and e-mail addresses turn into links automatically. 1 The OLX Egypt team wanted to acquire new app users who were likely to contribute listings. Search was added to Favorites. OLX is part of OLX Group, a network of leading marketplaces present in 30+ countries with 20+ brands. Cityscape Intelligence is part of the Informa Markets Division of Informa PLC. Take the next step in your career and explore jobs at OLX Group. 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.