Prosus' OLX to buy French classified platform La Centrale in $1.3 billion deal

Group 1 - Online marketplace OLX is set to acquire the French motors classified platform La Centrale for 1.1 billion euros, equivalent to approximately 1.3 billion dollars [1] - The acquisition is announced by Prosus, the owner of OLX, indicating a strategic move to expand its presence in the automotive classifieds market [1] - This transaction highlights the growing trend of consolidation in the online classifieds sector, particularly in the automotive segment [1]