Greek Competition Authority Approves Blackstone's $635M Acquisition of Skroutz

The Greek Competition Authority gave its unanimous approval on 30 July 2026 for Blackstone Inc. to acquire a controlling stake in the online marketplace Skroutz. The regulator concluded that the deal, involving a €635 million valuation including debt, does not raise serious competition concerns in the markets affected.

Blackstone had previously announced the purchase of a majority shareholding from CVC Capital Partners Fund VII. The founders of Skroutz will sell part of their holdings but remain active in the company, with CEO George Chatzigeorgiou staying in his position. The transaction is expected to close in the second half of 2026, subject to remaining regulatory approvals. Skroutz has expanded into Cyprus, Romania and Bulgaria, and Blackstone highlighted Greece’s rapid economic growth and untapped e‑commerce potential in Southeast Europe as key drivers for the investment.