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Rockaway Capital to become EUR1bn E-retailer after Netretail Holding and Heureka acquisitions

Rockaway Capital is to acquire 100 per cent of Central European online retail business Netretail Holding and Heureka, the No1 online price comparison website in the Czech Republic and Slovakia, from Naspers and other minority shareholders.

The EUR200 million-plus acquisition puts revenue from Rockaway Capital's e-commerce holdingson track to exceed EUR1 billion in revenue over the next few years.

Rockaway is an investment firm building the Internet economy in emerging markets, via venture capital, private equity or its own incubation. Rockaway's e-Commerce Holding unit consists of grocery and non-food specialty e-commerce shops, a superstore generalist e-commerce retailer, price comparison engines, and a last-mile delivery network throughout Central and Eastern Europe.

"The acquisition of NetRetail Holding and Heureka fulfills our vision to be the leading e-commerce player in the Central and Eastern European region, with the top general and specialty e-commerce companies in our portfolio. We will now focus on delivering a world class experience to our millions of customers and expanding our footprint in the region," says Jakub Havrlant, CEO Rockaway.

"Rockaway is a very experienced e-commerce investor and I can't think of a better partner for the future of Netretail. This is an important milestone to continue the journey we started 15 years ago," says Ondrej Fryc, CEO and Founder of Netretail.

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