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Vente-Privee buys Spanish fashion ecommerce site Privalia for ~$560M

Barcelona has just clocked up its biggest ever exit. The price-tag on the sale of veteran Spanish ecommerce player Privalia, headquartered in the city, to France’s Ventee-Privee has not been officially disclosed but recent rumors swirling about a possible exit for Privalia pegged the price being discussed at up to €500 million (~$560M). TechCrunch also has a source confirming the €500 million figure.