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Naspers buys Turkish e-commerce firm

Jul 07 2011 10:01 Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1215.00
Change -20.12
% Change -0.02
Cumulative volume 506117
Market cap 506.64bn

Last Updated: 02/10/2014 at 11:58. Prices are delayed by 15 minutes. Source: McGregor BFA

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Istanbul - MIH Allegro, Polish subsidiary of Naspers [JSE:NPN] has bought a 71.2% stake in Turkish e-commerce and fashion company Markafoni, Markafoni said in a statement on Thursday.

It did not give the price of the acquisition, but a Turkish technology website reported the price tag at $200m.

Markafoni is the biggest discount shopping website in Turkey.

Naspers said last week it would focus on organic growth and would be less interested in acquisitions.

- Fin24.com is part of the Naspers group.
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