01-06-2007, 09:26 AM
Quote: Online auction group QXL Ricardo is increasing its bet on Poland, with the acqusition of a 75pc stake in price-comparison website Ceneo.
QXL will pay £875,000 in cash for the stake and has the option to buy the remaining 25pc from Ceneo's two founders for a maximum of £875,000.
Under the agreement, the price for the final stake will be partly determined by Ceneo's future revenue, and up to 50pc of the price can be settled in QXL shares...
full article: http://www.telegraph.co.uk/money/main.jh...nqxl02.xml