Deutsche Post sells Evita

Deutsche Post, the German postal service operator, has announced the sale of Evita, the shopping website it launched three and a half years ago, to Lycos Europe, the internet portal. The postal group said that the business no longer fitted in to its business model. Evita usually attracts around 4.2 million visitors per month.

Lycos Europe achieved turnover of 30m euros in the second quarter of the year, with advertisements and e-commerce, but posted a loss in Ebitda of 22.4m euros.