A Niche High-end E-commerce venture in Turkey

Concept Overview: The Company is an online shopping mall offering daily sales on top-quality apparel and other products for moms, babies and children. Management: The management team of the company has extensive experience and strategic contacts with the strategic...

Summit in $26m Jumia deal

Summit Partners has invested a reported $26 million (€20million) in Egypt-based e-commerce company Jumia. The investor is understood to be taking a stake in the company through a German-based holding company. The funds are expected to be used to accelerate the...

Abu Dhabi’s Aabar sells 1.25 bln euro Daimler stake

Reuters 11 October 2012 Abu Dhabi’s sovereign wealth fund Aabar sold its remaining 3.07 percent stake in Daimler worth about 1.25 billion euros ($1.6 billion) on Oct. 5, the German carmaker said in a regulatory filing on Thursday. The move, widely expected for...