Czech Internet retailer targets number one position in region after latest acquisitions

One of the biggest e-commerce deals of the last years has been sealed with the purchase by the Czech group Rockaway Capital of the second biggest local e-commerce server, Mall.cz and price comparison server Heureka.cz. Rockaway Capital is paying more than 200 million euros or around 5.4 billion crowns for the package. The group is backed by prominent Czech businessmen Daniel Křetínský, Patrik Tkáč, and the PPF group of Petr Kellner. Together with Rockaway’s existing e-commerce companies, the new assets could give the company the chance of increasing its turnover to around 1.0 billion euros and make it the leading online retailer in the Central European region. The deals have to be approved by the Czech competition office.

Author: Ruth Fraňková