Local investors agree to buy Czech auction website Aukro from Naspers

By bne IntelliNews September 29, 2016

South African media company Naspers has agreed to sell leading Czech online auction website Aukro.cz to a group of local investors.

The deal, whose value was not disclosed, represents Naspers’ second divestment in the Czech Republic in less than a year. In October, the Cape Town-based media company decided to sell online retailer Netretail and price comparison platform Heureka to investment group Rockaway Capital in a $201mn deal.

The Czech investors buying Aukro.cz are the website's founder Vaclav Liska with a 50% stake, BDO Advisory partners Petr Kymlicka and Radovan Hauk with 25%, and Agora Development with 25%, Hospodarske Noviny reported.

Aukro.cz was part of Polish online retailer Allegro that Naspers has reportedly put up for sale. Aukro.cz has been operating since August 2003. It has 3.8mn registered users and 9mn monthly visits.

 

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Creditors of Turk Telekom’s owner Saudi Oger reportedly in talks to sell its 55% stake

Some creditor banks of struggling Saudi construction giant Oger’s Dubai-based unit Oger Telecom are in unofficial talks to sell its 55% stake in Turkey’ largest telecom operator Turk ... more

Turk Telekom reportedly warned to resolve debt issue or face consequences

The Turkish treasury has told Otas, the owners of Turk Telekom, that it may take control of the company’s management if it fails to outline a plan to resolve a debt ... more

Dismiss