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Naspers' MIH Allegro takes control of Markafoni in Turkey.

MANews-(C)2009-2011

Turkish e-commerce and fashion firm Markafoni said in a statement on Thursday that MIH Allegro, the Polish subsidiary of South African print and digital media group Naspers (JNB:NPN), has acquires a 71.2% interest in it.

The company did not provide the financial terms, but a Turkish technology website valued the deal at USD200m (EUR140m), Reuters said.

Markafoni is Turkey's largest discount online retailer.Country: , TurkeySector: IT/Online Services, Wholesale/Retail, Clothing/TextilesTarget: Markafoni Buyer: MIH Allegro, Naspers Limited Type: Corporate acquisitionStatus: ClosedComment: Deal size speculated at USD200m.

.END.PUB430>PDJuly 7, 2011>JNMANEWS.PRICEDATENOT APPLICABLE.DAY

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Publication:M & A Navigator
Date:Jul 7, 2011
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