Polish auction site Allegro sold to private equity group for $3.25BN

Private equity funds: Cinven Ltd, Permira and Mid Europa Partners have struck terms to buy 100% stake in Polish online auction site Allegro for $3.253 billion, the seller, South Africa-based global internet and entertainment group, Naspers Limited, said in a statement published online.

The deal, should it go through, is Poland’s biggest M&A transaction in memory and drew interest from several powerhouse private equity names plus sector bidders.

The target includes both the allegro.pl online auction site and the ceneo.pl price comparison site.

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