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Polish venture capital fund MCI Management is buying travel portal, the largest Czech company selling package tours on the Internet. MCI will gain a majority stake, slightly above 50%, in the company, which sells tours also in Slovakia, Poland and Hungary. was set up in 2000. It raised sales by nearly a fifth to Kc1.03bn (= €39.62m) last year and the number of its clients grew at a similar pace.

The Czech anti-monopoly office UOHS has allowed the Slovak investment group Arca Capital to buy up to 60% of the Czech second largest online store According to previous information from the press, Arca has acquired 30% of and plans to raise the stake to 60%., still owned by its founders increased its sales by 77% to Kc1.28bn (= €49.23m) last year. Arca plans to turn into the biggest online store on the Czech and Slovak markets within two years, and beat the current leader, Internet Mall. Within four years, wants to become No.1 among online retailers in Hungary, Romania and Poland.




The new news and entertainment portal, which television Nova wants to launch in the near future (on 5th May), has ambitious plans to become one of the three largest players on the Czech website market within one year. The leading position currently belongs to the group, which is followed by the, and iDnes portals.

The largest Czech Internet portal,, is allegedly for sale. According to two credible sources, majority shareholder and owner Ivo Lukačovič and minority shareholders Tiger Holding Four and Miura International are selling their stakes. Lukačovič has denied the sale. He did however state that a prospectus to address potential interested parties should be prepared within two months. Investment bank Goldman Sachs has been entrusted with organizing the sale.

The latest hot news concerning hint that the sale has apparently already begun. Potential tender participants have already been sworn to secrecy, a step that precedes the receipt of the information prospectus.