News

ALLEGRO TO ACQUIRE MALL GROUP

Allegro, the most popular shopping platform in Poland and one of the world’s top ten e-commerce websites, plans to acquire 100% of the shares of Mall Group and WE I DO CZ from the selling shareholders PPF, EC Investments, and Rockaway Capital for a total consideration of EUR 881 million. The final price might be increased by a price adjustment of up to EUR 50 million based on specific short-term objectives.

The acquired business comprises the e-commerce assets of Mall Group and the logistics assets of WE I DO based across the Czech Republic, Croatia, Slovakia, Hungary, Slovenia and Poland. The transaction is subject to the customary antitrust and regulatory approvals and is expected to be closed at the beginning of 2022.

This transaction is a significant step in Allegros’ strategy of international expansion and will allow the soon-to-be joint group to accelerate growth across Europe. Last year Allegro had its successful IPO on the Warsaw Stock Exchange, the largest IPO in Poland to date.