The Wallenberg sphere's venture capital company EQT is selling a majority stake of 70 percent in the real estate site Idealista for 2.9 billion euros (corresponding to 33 billion kronor), the company writes in a press release.
The buyer is another venture capitalist: London-based Cinven.
Idealista is the market-leading real estate site in Spain, Italy, and Portugal.
EQT, whose fund EQT IX bought Idealista in 2020 for 1.3 billion euros, retains 18 percent of the shares in Idealista after the transaction with Cinven.
