MCI sells Invia for over PLN 300 mln

Polish venture fund MCI Management will sell Eastern Europe's largest travel portal Invia to its Czech rival Rockaway Capital for PLN 325 million, Puls Biznesu daily reported. Puls Biznesu, citing anonymous sources, informed MCI would earn PLN 270 million for its 80 percent stake in Invia, with the transaction to be finalized before the end of the first quarter. MCI declined to comment on the news, Rockaway was not immediately available.