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.
Xnet is one of the leading e-commerce businesses in Latvia operating Xnet.lv, a popular online department store, and aboluveikals.lv, 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: