OLX New unicorn car with Argentinean participation, its value is over $1 bn

The national company OLX merged with the German startup Frontier Car Group (FCG), better known in Argentina as Americas Car Group, to create OLX Autos. With this agreement, it reaches a valuation of more than one billion dollars, which makes it one of the leading companies in this field in South America. OLX Group disbursed $486 million for the operation; the company will have a presence in Latin American markets, India, Indonesia, Nigeria, Pakistan and the United States, with transactions of more than 130,000 cars per year.

Source: La Nación