July 9 (Reuters) - Frontier Digital Ventures Ltd FDV.AX :
* BUSINESS COMBINATION BETWEEN ENCUENTRA24 AND OLX GROUP'S ONLINE CLASSIFIEDS PLATFORMS IN CENTRAL AMERICA
* OLX WILL ACQUIRE A 37.5% STAKE IN ENCUENTRA24
* EXISTING SHAREHOLDERS WILL RETAIN 62.5% OF COMBINED BUSINESS
* ENCUENTRA24 AND OLX GROUP'S CENTRAL AMERICAN ONLINE CLASSIFIEDS PLATFORMS WILL COMBINE UNDER ENCUENTRA24 BRAND
* OLX WILL CONTRIBUTE BUSINESS ASSETS IN 4 COUNTRIES & ADDITIONAL US$1 MILLION OF CASH TO BECOME 37.5% SHAREHOLDER OF ENCUENTRA24