Rockaway Capital, a global investment firm based in San Francisco, Prague and Sao Paolo, today announced that it has reached an agreement to acquire 100% of Netretail, a big European online retailer, as well as online price comparison business Heureka.
Netretail is a leading online retailer in Central and Eastern Europe (CEE) with operations in the Czech Republic (www.mall.cz), Slovakia (www.mall.sk), Poland (www.mall.pl), Hungary (www.mall.hu) and Slovenia (www.mimovrste.si).
South African media conglomerate Naspers, which acquired Netretail in 2012, is selling the holding as well as Heureka in a transaction that it says on Twitter is worth $201 million.
Naspers to dispose of its holdings in Netretail and Heureka in a transaction worth US$201m
— Naspers (@Naspers) October 26, 2015
Rockaway, meanwhile, calls it a €200 million acquisition and says the deal will help its combined e-commerce holding to reach €1 billion in revenue in the coming years.
The transaction is subject to antitrust clearance.
Naspers acquired Netretail and eMAG in 2012, with a plan to merge the two assets and create a leading ecommerce platform across CEE
— Naspers (@Naspers) October 26, 2015
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