Ringier takes over Croatian online company
The Ringier subsidiary Xmedia has acquired 70 percent of the shares in the Croatian company Foto-Nekretnine d.o.o.. The company will acquire the remaining 30 percent at the end of 2010, as Ringier announced on Friday.
The Ringier subsidiary Xmedia has acquired 70 percent of the shares in the Croatian company Foto-Nekretnine d.o.o.. The company will acquire the remaining 30 percent at the end of 2010, as Ringier announced on Friday.
Founded in 2004, the online company Foto-Nekretnine d.o.o. operates real estate platforms in Croatia and Serbia and covers around 70 percent of the Croatian real estate market, according to a press release. This represents a market share of around 40 percent. The platform records an average of around 150,000 visitors per month. The company also publishes a real estate magazine in Croatia.
The platform in Serbia only went live last November. According to Ringier, it has been clicked on around 5,000 times a month so far. With the latest acquisition, the media company is now active in ten countries in Europe and Asia.
Founded in 2004, the online company Foto-Nekretnine d.o.o. operates real estate platforms in Croatia and Serbia and covers around 70 percent of the Croatian real estate market, according to a press release. This represents a market share of around 40 percent. The platform records an average of around 150,000 visitors per month. The company also publishes a real estate magazine in Croatia.
The platform in Serbia only went live last November. According to Ringier, it has been clicked on around 5,000 times a month so far. With the latest acquisition, the media company is now active in ten countries in Europe and Asia.









