Ukrainian e-commerce heavyweight Rozetka acquires EVO Group, firms to merge

By Denys Krasnikov / November 27, 2018

Ukraine’s largest e-commerce firms, Rozetka and EVO Group have merged after getting the thumbs up for the union from Ukraine’s Antimonopoly Committee on Nov. 27.

The e-commerce firms finalized anagreement that had been pending for almost four months as the companies waited for the go-ahead from the Antimonopoly Committee. Under the agreement, Rozetka has now bought a 56 percent stake in EVO Group from Naspers, the multinational internet and media group.

Rozetka has not disclosed the price of Naspers’s shares, but according to online tech journal AIN.ua, the value of the deal is around $12–15 million.

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Topics: E-commerce, Finance, International, M&A, News

About

Denys Krasnikov

Denys Krasnikov is a Kyiv Post IT reporter. He studied journalism in Zaporizhia National University. Denys can be reached at krasnikov[at]kyivpost.com.

http://www.kyivpost.com

About

The Kyiv Post

Launched in 1995, Kyiv Post is Ukraine’s leading English-language newspaper, produced by a team of Western and Ukrainian journalists. Over the years, the weekly newspaper has led the charge for a free press in Ukraine, and has played roles in the Georgiy Gongadze scandal, the Orange Revolution and other significant Ukrainian events. The Kyiv Post’s IT coverage is sponsored by Looksery, Ciklum, Steltec Capital and SoftServe. The content is independent of the donors.

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