IPGA Ltd. operates portals in Singapore, Malaysia, Hong Kong, Indonesia, India and the Philippines / Acquisition of a 9.4 percent interest.

SeLoger.com , the wholly owned subsidiary of Axel Springer AG and largest property classifieds online portal in France, has acquired a strategic 9.4 percent interest in IPGA Ltd., the owner of Asia's No 1 network of online portal sites.

Roland Tripard, CEO of SeLoger.com: "We have identified the Asian market as one with significant long term future growth potential and believe that the IPGA business is best positioned to capture value from this market. We are looking forward to working with the IPGA team to bring our extensive knowledge and experience to the Asian market."