• Most Popular
  • Most Shared

UPDATE 1-S.Africa's Naspers offers to buy Poland's Bankier.pl

Wed Jun 10, 2009 8:53am EDT

Stocks

   

* Offered to buy 100 pct stake for $19.3 mln

* Bankier.pl to be integrated with Allegro

* Shares up 3.99 pct

(Adds details, shares)

JOHANNESBURG, June 10 (Reuters) - Naspers (NPNJn.J), Africa's biggest media company, said on Wednesday it has offered to buy 100 percent of Polish Internet portal Bankier.pl BAPL.WA from MCI Management MCIM.WA for $19.3 million.

The company said it was making an offer for all the shares of the Warsaw-listed Polish financial portal Bankier.pl. It added that one of Bankier's current shareholders had irrevocably committed to tender its 18.4 percent holding.

Bankier.pl will be integrated with Naspers' Eastern European Internet business Allegro -- which runs e-commerce trading platforms in Hungary and Czech Republic.

Shares in Naspers rose 3.99 percent to 201.84 rand by 1248 GMT, outperforming a firmer JSE Top-40 index .JTOPI of blue-chip stocks.

(Reporting by Gugulakhe Lourie)



More from Reuters

Fannie Mae says adopts new pay rules

(Reuters) - Fannie Mae said it has adopted new compensation arrangements for executive officers, according to a filing with the Securities and Exchange Commission on Thursday.

» More Top News
Senate Majority Leader Harry Reid (D-NV) (C) walks with Senator Christopher Dodd (D-CT) (R) and Senator Max Baucus (D-MT) after the U.S. Senate approved President Barack Obama's healthcare overhaul on Capitol Hill in Washington, December 24, 2009. REUTERS/Jim Young

Reid delivers on healthcare

Party-line Senate vote passes bill that would extend health coverage to tens of millions of uninsured Americans, but it's not law yet.  Full Article 

Healthcare Reform
A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song
WEI GU:

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos.  Commentary | Video 

CHINA