NEWS

Online auction site Allegro to be sold?

Online auction site Allegro to be sold?

Poland's biggest online auction business is due to be sold by South African parent company Naspers, it has been reported.

According to sources interviewed by Reuters, Naspers is aiming to sell all its Polish enterprises.

"The Allegro business has ripened,'' one source told the news agency.

''Naspers is looking to sell the whole lot.''

The South African company is supposedly keen to focus on emerging markets such as China and Brazil.
The Allegro company is headquartered in Poznan, western Poland, and the website was ranked in December 2014 as the 194th most used in the world.

According to Reuters, bidders for the business include internet giants wp.pl and onet.pl.

Neither Naspers nor Allegro has commented on the claims.

thenews

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