Naspers' Allegro Tenders Offer for Bankier.pl

MCI Management is poised to sell internet portal Bankier.pl to Allegro, an E-commerce portal owned by South African media giant Naspers. Naspers has made a public tender offer to purchase Bankier.pl with plans to integrate the portal's financial services with Allegro's e-commerce platform. One of Bankier's current investors has already stepped on board with the deal by irrevocably committing to tender its 18.4 % stake. At a price of 8.7 zlotys per share, the purchase price would be PLN 62.8 million (USD 19.3 million).

Bankier.pl (www.bankier.pl)
Bankier.pl is a web portal specializing in financial information including capital markets, financial products, investing, and personal funds. In addition, the portal provides its users stock exchange information such as current quotes, analysis, calculators, forecasts, and side-by-side comparisons.

First established in 2000, the company has been listed on the Warsaw Stock Exchange since 2006. In 2007 the portal launched a mobile version with its own dedicated web address. Based in Warsaw, Bankier.pl has 51 employees as of 2007, with revenues of $5.3 million.

MCI Management S.A. (www.mci.pl)
MCI Management is the asset management arm of MCI Group, a Warsaw based private equity investment concern. The group is one of the leading investors in Central Europe managing three funds; MCI.TechVentures 1.0 (venture capital), MCI.EuroVentures 1.0 (growth capital), and MCI.BioVentures 1.0 (venture capital & seed capital). Their primary areas of investment are healthcare, biotechnology, financial services, and TMT.

MIH Internet Europe B.V. / MIH Group
MIH Group is a multinational media company active in the electronic media segment, including pay-TV, internet, instant messaging and the distribution of the associated technologies. The MIH Group is part of the South African Naspers Group (JSE: NPN).

The European internet branch of the MIH Group, MIH Internet Europe, includes leading internet brands and online auction platforms such as allegro.pl (market leader in Poland) and ricardo.ch (market leader in Switzerland), Aukro (Bulgaria, Czech Republic) and QXL (Denmark, Norway), as well as leading online portals Gadu-Gadu (Poland) and mail.ru (Russia).