The South African media and online business giant Naspers has announced the purchase of a majority stake,  around 80 percent, in Netretail Holding for nearly EUR 230 million. Netretail Holding (www.nrholding.com ) Netretail, founded in 2000 by Ondřej Fryc, Peter Burcal and Jan Mensik, the Czech internet retailer company has become  a market leader in the CEE in [...]

Following a June announcement that MIH Allegro B.V. was in negotiations to acquire internet portal Bankier.pl from MCI Management, the deal was completed on August 6, 2009. Allegro has followed through on its plans and has purchased 6,013,052 shares of Bankier.pl, equaling a controlling stake of just over 83%. The shares were acquired via a [...]

South African based international trading and distribution company Bidvest, has announced an agreement to acquire 100% interests in Nowaco Czech Republic s.r.o. and Farutex Sp. z.o.o. from CCMP and Bancroft Equity Partners. The acquisitions will be made via a purchase of the issued share capital of both companies at an aggregate value of € 250 [...]

Following a visit from a Russian delegation which included Troika Dialog Group Managing Director Andrei Sharonov and Russian Federation President Dmitry Medvedev, Standard Bank has announced plans to invest in a 33% stake of the Russian investment bank Troika Dialog. The deal is designed to encourage more Russian companies to become active in countries where [...]