Naspers‘ Polish subsidiary MIH Allegro said it has launched a public tender offer to acquire up to 100% of Warsaw-listed financial portal Bankier.pl, for a total value of $19.3 million.
Bankier.pl, which is a top 3 Polish financial news portal with 1.9 million monthly unique visitors, provides information on financial news, analysis and comparison-shopping on consumer financial products in Poland. Bankier.pl reported revenues of ca. $1.4 million and EBITDA of ca. $0.2 million in Q1 2009.
MIH Allegro plans to integrate Bankier.pl with Allegro, its Polish e-commerce platform. Naspers said that one of Bankier’s current shareholders committed to tender its 18.4% stake as a part of the public offer.
In 2009, MIH Allegro acquired a majority stake in Ukrainian e-commerce platform UAProm.
Naspers owns 43% of Russian leading online portal, Mail.ru.