BUSINESS IN SHORT

Internet mega merger starts

INTERNET portals Centrum.sk and Atlas.sk are to have a single owner. Their parent companies NetCentrum.cz and Atlas.cz officially announced on February 26 that the Dutch company Centrum.cz Holding controlled by US fund Warburg Pincus has acquired both, the Hospodárske Noviny daily wrote.

INTERNET portals Centrum.sk and Atlas.sk are to have a single owner. Their parent companies NetCentrum.cz and Atlas.cz officially announced on February 26 that the Dutch company Centrum.cz Holding controlled by US fund Warburg Pincus has acquired both, the Hospodárske Noviny daily wrote.

Centrum.sk and Atlas.sk are third and sixth, respectively, in the Slovak market judged by the number of original hits.

Thanks to the merger, the new internet group will have about 1.4 million visitors in Slovakia and 3.5 million visitors in the Czech Republic. It will try to overtake Zoznam.sk of the Slovak Telekom group or Azet.sk, which are number one and two, respectively, in the Slovak internet market.

Private equity group Warburg Pincus acquired Centrum in December. It paid between Kč2.5 billion - Kč3 billion (€100 million-120 million) for NetCentrum in the Czech Republic and Slovakia. The price of Atlas was estimated at between Kč600 million (€24 million-€32 million).

"The goal of the merger is a faster growth in the Czech Republic and Slovakia," Pavel Mucha, head of the board of directors at NetCentrum, told the daily. Trademarks of both portals should be preserved, but they should develop together in the future.

"The integrating process will start on February 27," said Mucha. "Its task is to connect the know-how, talents and culture of the two companies."

Get daily Slovak news directly to your inbox

Top stories

News digest: Former state secretary describes the corruption at courts

Schools will definitely not open on Monday. Coronavirus vaccine could be available starting in mid-December. Slovakia joins campaign to fight violence against women.

The Presidential Palace lit in orange, to support the Orange the world! campaign.

One in five women has experienced violence

The situation is far from satisfactory, said President Čaputová.

Secret votes and public lies

There are uncanny echoes today of Slovakia’s agonies over its choice of chief prosecutor ten years ago.

Dobroslav Trnka (left) and Jozef Čentéš (right), the candidate who was eventually selected by MPs in 2011, never got to take up the post because the then president, Ivan Gašparovič refused to appoint him for reasons that were never clearly explained.

How a Catholic charity became a voice for migrants in Slovakia

Religious organisations have added leverage in changing perceptions of foreigners and migrants, says Caritas Slovakia.

Caritas Slovakia's ‘World Without “the Other” – Migration Myths’ campaign educates Slovaks on migration in a fun and artistic way.