Munich,
17.09.2007 – Scout24 AG is using its preferential purchase right and will acquire the shares in ImmobilienScout24
which are to be sold by Aareal Bank. This means that the Munich-based company which previously had a
minority interest of 33.1% will in future own 99.3% of Immobilien Scout GmbH in Berlin.
Established
in 1998, the Scout24 Group has expanded in Germany and the rest of Europe into one of the leading online
market-places and with the acquisition of the shares continues to write Scout24’s success story. Approximately
six million people use the services of our seven subject areas which are all specific to the particular
industry covering cars, real estate, employment, dating, finance, travel and consumer electronics every
month.“ As one of the major players in the German online market we are market leader in many fields
and are happy that a majority holding in Germany’s largest real estate market-place now belongs to our
group”, is how Dr. Martin Enderle, CEO of Scout24 Holding GmbH, describes the situation.ImmobilienScout24 offers its customers an extremely wide range of choices with more than 1.2 million real estate prospects in over 80 countries. More than 2.5 million visitors per month use the site’s fast and uncomplicated real estate search facility and appreciate the high success-rate they achieve.
Since it was founded in 1999, the online market-place has shown the potential it has to offer: as one of the first companies on the market, the real estate portal enjoys a high level of awareness in the B2B and B2C groups and as such is an important image-carrier for the Scout24 Group.
About the Scout24 Group
Scout24, a group of online marketplaces, offers sector-specific services in seven thematic areas, and has a presence in ten different countries. Scout24 makes it easier for its customers to find or to offer products, services and contacts, so saving them time and money. In this way Scout24 helps improve the transparency of the market. Around six million individuals every month take advantage of the services offered by the Scout24 Group: AutoScout24, ElectronicScout24, FinanceScout24, FriendScout24, ImmobilienScout24, JobScout24 and TravelScout24. Scout24 is a subsidiary of Deutsche Telekom AG.
Further information on Scout24 is available at www.scout24.de.
Press contact:
Scout24 Holding GmbH
Corporate Communication
Rosenheimer Straße 143b
81671 München
Tel.: + 49 89 490 267 320
Fax: + 49 89 490 267 11
Email: presse@scout24.com