Polish Allegro acquires Mall Group and WEDO

Published: 08.11.2021 Related countries:  Czech Republic Czech Republic

MALL GROUP, the biggest e‑commerce group in Central and Eastern Europe changes owners.

Polish shopping platform Allegro has agreed to acquire 100% of Mall Group and WEDO CZ from the selling shareholders PPF, EC Investments, and Rockaway Capital. Mall Group and WEDO will be acquired for a price of EUR 881m, based on a valuation of EUR 925m adjusted for debt and similar items of EUR 44m. The final price may be increased by up to EUR 50m depending on Mall Group's performance. The transaction is subject to regulatory approvals and is expected to be completed in 1H 2022. The acquired business includes assets in the Czech Republic, Slovakia, Hungary, Slovenia, Croatia, and Poland. The transaction does not involve Vivantis and MALL Pay, nor MALL.TV and Košík.cz, which were previously spun off from Mall Group

Source: ČIA NEWS, November 8th, 2021, www.cianews.cz/en
Compiled by the team of CzechTrade office in Latvia.