Investigation into Dutch Portal Funda Dropped by the Enterprise Chamber

The market-leading Dutch portal Funda has had an investigation into its policies and affairs dropped by the Enterprise Chamber.

Funda, which is agent-owned by the Dutch Association of Real Estate Agents, NVM, has been under scrutiny for an ongoing dispute between  General Atlantic (GA)—which is set to take a minority 24% stake in Funda this year—and the NVM itself.

GA wanted to impose an obligatory buy-back of shares by agents should they engage in abuses of power—which the NVM has been accused of before—should their actions limit Funda's financial performance or overly favour NVM members.

However it seems an inquiry by the Enterprise Chamber has culminated in an agreement that satisfies Funda, GA and the NVM. A post on the NVM's website shared the following message:

"NVM and NVM Holding have taken note of the decision of the Enterprise Chamber of February 22, 2024 with satisfaction. In it, the Enterprise Chamber decided to terminate the investigation into the policy and course of affairs of Funda BV.

"This decision is in accordance with the wishes of the parties involved. This allows the parties involved, together with the new shareholder General Atlantic, to look ahead and continue to work together on a strong and successful funda."

Funda is a clear market leader in the Netherlands, registering web traffic that comprehensively dwarves the traffic of its nearest rivals: