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Report: Scout24 shortlists 3 PE firms for 2nd bidding round for autos unit

German classifieds group Scout24 AG shortlisted Permira Advisers Ltd., Apax and Hellman & Friedman LLC for the second round of bidding for its AutoScout24 GmbH unit, Reuters reported, citing people close to the matter.

A potential offer is expected to value the unit between €2 billion and €2.3 billion, the unnamed sources told the news agency.

Used-car dealing platform Auto1 Group GmbH, which was previously rejected by Scout24, did not make an offer on its own this time around, Reuters noted, citing two people familiar with the matter, while a third person said the company is bidding for AutoScout24 in partnership with Hellman & Friedman.

Scout24 and the bidders declined to comment or were not immediately available for comment, according to Reuters.