Cian PLC Enters into a New Agreement for Acquisition of SmartDeal
Cian PLC (NYSE: CIAN, MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, today announced that it entered into a new agreement for the acquisition of SmartDeal.
- Cian PLC (NYSE: CIAN, MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, today announced that it entered into a new agreement for the acquisition of SmartDeal.
- A subsidiary of the Group, iRealtor LLC, entered into a new binding preliminary agreement for acquisition of 100% in SmartDeal (Praktika Uspekha LLC), a company which provides e-registration and adjacent services for various types of property deals.
- As the necessary government approvals under the previous preliminary agreement were not granted within the timeframe stipulated in that agreement, iRealtor LLC and Praktika Uspekha LLC agreed on and signed a new agreement.
- Cian and SmartDeal have established a partnership in the beginning of 2021 while developing the online transaction service Cian.Transaction launched in October 2021.