Oakley Capital Investments agrees sale of Verivox to ProSiebenSat.1

26th Jun 2015 09:49

Oakley Capital Investments said on Friday it has agreed with its Oakley Capital Private Equity LP fund to sell German online price comparison site Verivox to ProSiebenSat.1 for an initial cash consideration of €200m.There will be a further consideration of up to €50m dependent on Verivox's financial performance in the year to 31 December 2015.Oakley Capital Investments will continue to hold a minority interest in Verivox through its commitment to the Oakley Capital Private Equity II fund.At 0953 BST, Oakley shares were up 1.8% at 163.25p.

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