Naspers reaps $200m from Czech exits

Oct 26, 2015 • Robert Lavine

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…

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