Naspers to sell Allegro?

Africa's biggest company by market value Naspers is planning to sell its Polish online auction website Allegro, Bloomberg said quoting people with knowledge of the matter. According to Bloomberg, the company has hired Morgan Stanley to advise on the potential transaction. "Cape Town-based Naspers is exploring the sale of Allegro after receiving interest from potential buyers, and may sell because the unit isn’t growing as fast as some of its other businesses, one of the people said. The process is at an early stage and there’s no guarantee a sale will go ahead, they said." "Allegro, which could fetch as much as $3 billion including debt, is likely to attract interest from private equity firms as well as technology companies, including Chinese buyers," the people told Bloomberg. Allegro is the number 1 e-commerce platform in eastern Europe with more than 14 million monthly users, according to Nasper’s website.