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Blackstone to acquire Greek e-commerce platform Skroutz from CVC - Finance news and analysis from Global Banking & Finance Review
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Blackstone to acquire Greek e-commerce platform Skroutz from CVC

Published by Global Banking & Finance Review

Posted on May 11, 2026

1 min read

· Last updated: May 11, 2026

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Blackstone Set to Acquire Greek E-commerce Platform Skroutz from CVC

Acquisition Details and Leadership Changes

Overview of the Acquisition

May 11 (Reuters) - Blackstone will acquire Greek e-commerce platform Skroutz from CVC Capital Partners Fund VII, CVC said on Monday.

Founders' Role and Shareholding

Skroutz's founders are set to divest a portion of their shareholding, but would retain a stake and continue to lead the business.

Leadership Continuity

George Chatzigeorgiou will stay on as CEO of Skroutz.

Reporting Credits

(Reporting by Ananya Palyekar in Bengaluru; Editing by Mrigank Dhaniwala)

Key Takeaways

  • Blackstone’s purchase marks a strategic entry into the Greek e‑commerce market via the dominant local player.
  • Skroutz, founded in 2005, is Greece’s most‑visited marketplace, having expanded into delivery, fintech and regional logistics since CVC’s 2020 investment (cvc.com).
  • Under the acquisition, founders retain stake and leadership continuity—Chatzigeorgiou remains CEO, ensuring operational stability amid ownership change.

References

Frequently Asked Questions

Who is acquiring Skroutz?
Blackstone is acquiring Greek e-commerce platform Skroutz from CVC Capital Partners.
Will Skroutz's founders remain involved after the acquisition?
Yes, Skroutz's founders will retain a stake in the business and continue to lead it.
Who will remain CEO of Skroutz after the acquisition?
George Chatzigeorgiou will stay on as CEO of Skroutz.
Who is selling Skroutz to Blackstone?
CVC Capital Partners Fund VII is selling Skroutz to Blackstone.

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