Credit Suisse, Morgan Stanley lead latest Scout24 sale

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Credit Suisse, Morgan Stanley lead latest Scout24 sale

Scout24_PA_230x150
Various websites run by online marketplace operator, in Kaufbeuren, Germany, 30 September 2015. Photo: Karl-Josef Hildenbrand/dpa | Karl-Josef Hildenbrand/DPA/PA Images

Credit Suisse and Morgan Stanley are leading the sale of a 9.3% stake in Scout24, the German online classified advertising firm, for about €345m. The deal is covered, according to a banker involved.

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