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Home › Naspers sells Allegro Group for USD 2.25 bln

 

Naspers sells Allegro Group for USD 2.25 bln

2016-10-17 08:10:00| Telecompaper Headlines

(Telecompaper) South African media company Naspers has sold its 100 percent stake in Poland-based Allegro Group, including both Allegro and Ceneo, to funds advised by private equity firms Cinven, Permira and Mid Europa, for USD 3.253 billion. Naspers said the decision to sell Allegro Group was in line with its strategy to find and unlock value for shareholders.

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