IQ One Holdings buys another Internet retailer

According to Kommersant, (16 October 2012) IQ One Holdings, the majority shareholder in on-line retailer Utinet, has purchased a 51 per cent interest in another on-line store specialising in the sale of mobile phones – Sotmarket for an undisclosed amount, assumed to be under USD 50 million. Utinet had revenues of RUB 2 billion in 2011.

 

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