Naspers buys retailer eMag in Rumania

30 Jul 2012
According to unconfirmed reports in Rumanian business publications today, multinational media group Naspers acquired 70 percent of Rumanian online retailer eMag.ro for €100 million ($123 million U.S.). eMag.ro is Rumania’s biggest online retailer. Naspers holds the stake through its subsidiary Allegro Group. The parties negotiated alm


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Christo Volschenk

Christo Volschenk is managing editor of the news on Aimgroup.com and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.