"Verny Capital" and Beeline Kazakhstan are acquiring OLX Kazakhstan for $81 million

"Verny Capital" and Beeline Kazakhstan have completed the acquisition of OLX Kazakhstan. The transaction was valued at $81 million, and the buyers acquired 100% of the business from OLX Group. All regulatory procedures have been completed.

OLX Kazakhstan’s audience consists of approximately 9 million active users per month. This represents more than 52% of the country’s active internet audience. The platform operates in four segments: goods and services, real estate, automobiles, and job listings.

For Beeline, the acquisition is part of its strategy to develop a digital ecosystem that already includes financial, healthcare, educational, and entertainment services. With OLX, the operator is expanding its presence in e-commerce and online classifieds.

The deal was closed after all regulatory procedures were completed; OLX Group acted as the seller. The respective stakes held by Verny Capital and Beeline Kazakhstan in the joint acquisition have not been disclosed.