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  • Schibsted buys Expressz and Hasznaltauto.hu

    Schibsted Classified Media, the Norwegian international media group, has acquired Expressz.hu one of the leading online portal in Hungary, which publishes four hundred thousand classified ads to over one million individual visitors a year in Hungary.

    Schibsted has also completed its acquisition of Hasznaltauto.hu, the company operating Hungary’s leading car classifieds online portal. Schibsted acquired 50% in 2012 from UK investor DM&GT and has now acquired the remaining 50% from its co-shareholder.

    With the new acquisitions Schibsted has strengthened its leading market position and will boost its flagship operation, Jofogas.hu, another online classified ads portal.

    Partner Richard Lock of Lakatos, Köves and Partners led the team advising Schibsted on this acquisition, assisted by Counsel Pál Rahóty.

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