New transaction: Hansapost acquires majority stake in the Latvian e-commerce firm

Leading Estonian e-commerce company expands in Latvia

In the end of March this year Hansapost signed a transaction to acquisre 70,5% majority stake in the Latvian online retailer SIA Xnet.



Seller Buyer
Latvian entrepreneurs Hansapost

Xnet is one of the leading e-commerce businesses in Latvia operating, a popular online department store, and, the first official online retailer of Apple products in Latvia. Company’s turnover reached EUR 4 mln. last year. Hansapost is the largest e-commerce company in Estonia with turnover exceeding EUR 10 mln.

The price of the transaction is not disclosed. For more information please contact:


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