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Axel Springer Subsidiary Acquires 9.4% Stake In iProperty For $9.37M

Monday, June 20, 2011 | More »

In order to get a foothold into the Asian markets, Paris-based classifieds site SeLoger.com, a wholly owned subsidiary of Axel Springer AG, has acquired 9.4 per cent stake in IPGA Ltd. According to Bernama, the deal amount is valued at A$ 8.9 million ($9.37 million or Rs 42.20 crore) and SeLoger wil...