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Naspers sells Czech operations to focus on Romania

Staff writer ▼ | October 27, 2015
South African-based global internet and media company Naspers has decided to sell its operations in the Czech Republic to focus on Romanian retailer eMAG’s regional expansion, the group said.
Selling to grow   Naspers got $201 million
Naspers got $201 million from selling its holdings in Czech online retailer Netretail and price comparison platform Heureka to Czech investment firm Rockaway Capital.

Naspers acquired Netretail and eMAG in 2012, with a plan to merge the two assets and create a leading eCommerce platform across Central and Eastern Europe (CEE).

eMAG is Romania’s biggest online retailer. The company has already expanded to Bulgaria and Hungary and is currently working on integrating Polish online retailer Agito, which it acquired at the end of 2014.