Ukrainian e-Commerce Platform Sells Majority Stake


imageEastern European e-commerce group MIH Allegro — owned by South African publisher Naspers — has bought a 51 percent stake in Ukrainian online business directory and e-commerce site, according to Yakov. The amount paid wasn’t disclosed, the site’s founders will remain in charge for at least three years. Launched in April 2008, the Kiev-based site has 20,000 daily users and holds information on 40,000 companies from across Eastern Europe — more than 100 of which are paying customers.MIH Allegro runs several e-commerce platforms and classifieds sites in the region while Naspers owns 43 percent of Russia’s biggest online portal

Yakov also reports that VC fund Atlanta Start has acquired a minority stake in Moscow-based development firm Fabrika Futbola which makes the 3D online football game of the same name. estimates the deal is worth $400,000 (£262,323).

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