Iulian Stanciu Sells His Stake in eMAG Group to Prosus, Announces New Chapter as Investor in Romanian Companies
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Iulian Stanciu was completely out of the eMAG shareholder, Romania's largest online retailer, after selling his 11.7% stake to Prosus, the group's majority shareholder, according to...
eMAG is looking for profit. Iulian Stanciu seems to have already found it There are companies that make a profit and there are companies that create value for shareholders. eMAG seems to have demonstrated that the two things are not always the same. While the company reports the biggest loss in its history, one of its most important shareholders is cashing in on what could be one of the largest private transactions ever made by a Romanian entrep…
Entrepreneur Iulian Stanciu announced the sale of his stake in the eMAG group to Prosus, 17 years after taking over the company and 14 years after signing the partnership with Naspers (Prosus), according to a press release. eMAG will continue its development and extensive investment plans, with 1.2 billion lei budgeted in this […] The post UPDATE Iulian Stanciu leaves the eMAG Group and sells his stake to Prosus/ Message from the eMAG boss appea…
Iulian Stanciu is selling his stake in the eMAG Group to Naspers
Iulian Stanciu announces the sale of his stake in the eMAG group to Prosus, 17 years after acquiring the company and 14 years after signing the partnership with Naspers (Prosus). The transaction marks a new chapter for Iulian Stanciu and signifies his transition from entrepreneur to investor. With exponential growth over the past 17 […] The post Iulian Stanciu is selling his stake in eMAG Group to Naspers appeared first on Business Review.
Iulian Stanciu sells his stake in eMAG Group to Prosus, announces new chapter as investor in Romanian companies
Iulian Stanciu has announced the sale of his stake in the eMAG Group to Prosus, marking the end of a 17-year journey since taking over the company and 14 years after entering into a partnership with Naspers, now Prosus. The transaction signals a new phase in Stanciu’s career, as he transitions from entrepreneur to investor. Under Stanciu’s leadership, eMAG experienced exponential growth and became one of the leading e-commerce platforms in Centr…
Iulian Stanciu, one of the most powerful local entrepreneurs, announced the sale of the holding in the eMAG group to Prosus, 17 years after taking over the company and 14 years after signing the partnership with Naspers (Prosus), according to a company announcement.
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