Naspers Unit Picks Up Netretail Stake From Intel, PE Firm

Law360, Chicago (July 2, 2012, 9:36 PM EDT) -- Intel Corp.'s global investment unit has sold its stake in online retailer Netretail Holding BV to MIH Allegro, a subsidiary of media group Naspers Ltd. that now holds a controlling interest in the target company, Intel said Monday.

Intel Capital had been the lead investor since 2008 in Netretail, which operates in the Czech Republic, Hungary, Poland, Slovakia and Slovenia. MIH Allegro picked up its interest in the company from shareholders including Intel Capital and Central European private equity group MCI Management, which first invested in...
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