Blackstone acquires majority stake in Greek marketplace Skroutz

Blackstone has reached a definitive agreement to acquire a majority stake in the Greek online marketplace Skroutz from CVC Capital Partners Fund VII. While financial terms remain undisclosed, Bloomberg reports an enterprise valuation of approximately €635 million for the company. Founded in 2005, Skroutz operates as Greece's largest e-commerce platform, serving 2.5 million active users with over 26 million products from 9,000 partners. The company has expanded its operations beyond Greece into Cyprus, Romania, and Bulgaria, while integrating logistics, warehouse fulfillment, financial services, and retail media. Under the new ownership, the company's founders will retain a minority stake and remain active in management. Giorgos Chatzigeorgiou will continue to serve as President and CEO. This acquisition marks a significant investment by Blackstone in the growing Southeast European digital economy.