Blackstone to Acquire Majority Stake in Greek E-commerce Leader Skroutz

Blackstone Inc. has agreed to acquire a majority stake in Skroutz, Greece's leading online marketplace, from CVC Capital Partners Plc. According to reports, the founders of Skroutz will retain a significant stake in the business and continue to manage operations, with George Chatzigeorgiou remaining as CEO. The financial terms of the acquisition were not disclosed by the involved parties.

The acquisition represents a strategic entry for Blackstone into the Greek digital market, taking over the position previously held by CVC Capital Partners Fund VII. This move aligns with broader European retail trends; per market data from May 7, 2026, EU Retail Sales fell by 0.1% month-over-month, performing slightly better than the forecasted 0.3% decline. The Greek e-commerce sector has shown resilience and growth, attracting increased interest from global private equity firms seeking high-growth digital assets.

Market participants are looking ahead to how Blackstone's capital will scale Skroutz's logistics and payment infrastructure. While Skroutz is a private entity, investors are monitoring regional consumer strength through indicators like Italy's Retail Sales, which grew 0.8% as of May 6, 2026. Future catalysts include Blackstone's potential integration of the platform with its other European logistics real estate holdings to optimize last-mile delivery.