The e-commerce group has sold its stakes in e-commerce company Netretail and price comparison service Heureka to investment firm Rockaway Capital.
E-commerce group Naspers exited Czech Republic-based portfolio companies Netretail and Heureka yesterday, divesting the stakes to investment firm Rockaway Capital for a total of $201m.
Founded in 2000 as an online appliance retailer, Netretail has since expanded into other consumer products such as maternity and D-I-Y products, pet food and fashion.
The company is set to make about $440m in revenue in 2015, and has more than 10 million customers across the Czech Republic, Slovakia, Poland, Hungary and Slovenia.
Naspers…
