Ukraine’s e-commerce giants Rozetka, EVO Group plan to merge

Ukraine’s largest e-commerce firms Rozetka and EVO Group are to merge in order to develop an “ecosystem for local internet buyers and sellers,” the companies announced yesterday. The agreement foresees Rozetka buying a 56% share of EVO Group from Naspers, the multinational internet and media group whose online marketplace OLX also operates in Ukraine.

The companies plan to create a separate enterprise placing under its umbrella all of the online stores that belong to them, including Rozetka, Prom, Deal, Bigl, Crafta, Kabanchik, Vchasno, Shafa. The future name of the enterprise is still unknown. All the stores will continue their operations as usual and retain their names.

Ukraine’s e-commerce giants Rozetka, EVO Group plan to mergeRead More
Topics: E-commerce, Finance, International, M&A, News
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