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eBay buying QXL Ricardo with eyes on Eastern European units -report

Fri, 9th Nov 2007 07:47

WARSAW (Thomson Financial) - Online auction and trading platform eBay is b
uying London-listed peer QXL Ricardo, with an eye for lucrative operations in former communist Eastern Europe, Polish daily Polska reported today.

The paper said the US-based company had begun buying QXL shares in London. It gave no indication of the value of the investment.

QXL Ricardo owns Poland's largest auction site Allegro as well as similar operations in Hungary, Ukraine and Russia, as well as in Norway, Denmark and Switzerland.

The companies were not immediately available for comment. *48 22 447 2430


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