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PPF and Other Shareholders of Mall Group and WE|DO to Sell Their E-Commerce and Logistics Firms to Poland’s Allegro
PPF Group, EC Investments, and Rockaway Capital have jointly entered an agreement to sell 100% of their shares in online stores operator Mall Group and logistics company WE|DO. Polish e-commerce platform Allegro will purchase the Mall Group and WE|DO shares.
The transaction value is up to EUR 975 million, including a price adjustment of up to EUR 50 million.
The transaction includes Mall Group and WE|DO assets in the Czech Republic, Slovakia, Hungary, Slovenia, Croatia, and Poland.
PPF and EC Investments each own 40% in Mall Group and WE|DO, while Rockaway Capital holds the remaining 20% in the two platforms.
The transaction is subject to customary antitrust and regulatory approvals. The closing, including financial compensation, is expected by the end of the first half of 2022.
