10 Jun 2009 13:29
ACQUISITION OF POLISH FINANCIAL PORTAL BANKIER.PL
South Africa, 9 June 2009 - MIH Allegro B.V., the Polish subsidiary of MIH B.V., part of the Naspers group (JSE: NPN, LSE: NPSN), today announced that it has made a public tender offer to acquire up to 100% of Warsaw-listed Polish financial portal Bankier.pl.
If the offer is successful, Allegro, the leading e-commerce platform in Eastern Europe, intends to integrate Bankier.pl's products and services into its e-commerce platform in Poland. Bankier provides financial news, analysis and comparison-shopping information on consumer financial products ranging from mutual funds to mortgages.
As part of this public offer, one of Bankier's current shareholders has irrevocably committed to tender its 18,4% holding. Assuming 100% acceptance of the offer, the total investment will be approximately PLN62,8 million (US$19,3 million).
10 June 2009
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Contact details:
Meloy Horn Mark Sorour
Head of Investor Relations Group Chief Investment Officer
Naspers Naspers
+27 11 289 3320 +27 21 406 3008
+27 82 772 7123 +27 83 250 0000
Meloy.horn@naspers.com msorour@naspers.com
Important legal information:
This press release contains forward-looking statements. While these forward-looking statements represent our judgments and future expectations, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, the risk that the group companies will not consummate the proposed reorganization; the costs related to the proposed reorganization; the risk that all anticipated benefits may not be obtained; and other key factors that we have indicated that could adversely affect our businesses and financial performance contained in our past and future filings and reports, including those filed with or furnished to the U.S. Securities and Exchange Commission (the "SEC"). None of Naspers, MIHH or MIHL are under any obligation to (and expressly disclaims any obligations to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
About Naspers:
Naspers is a multinational media company with principal operations in electronic media (including pay television, internet and the provision of related technologies) and print media (including the publishing, distribution and printing of magazines, newspapers and books).The group creates media content, builds brand names around it, and manages the platforms distributing the content. Naspers's most significant operations are located in South Africa, elsewhere in sub-Saharan Africa, China, Russia, eastern Europe, the Netherlands, Brazil and Thailand.