Dino Polska wants to take control of the online drugstore eZebra.pl. An application in this matter was submitted to the Office of Competition and Consumer Protection (UOKiK). The transaction is expected to cost approximately PLN 61 million.
As we read on the website UOKiK, the reported intention of concentration involves Dino Polska SA taking over control over eZebra.pl and eZebra’s subsidiaries – 3BOOM and JTG Polska. The office announced on Wednesday that the application in this case was submitted to the Office of Competition and Consumer Protection on October 19.
Dino buys shares in an online drugstore
Last Tuesday, Dino announced the decision to take over 75%. shares in the online drugstore eZebra.pl. Dino Management Board on October 17 this year. concluded a preliminary conditional share sale agreement and a shareholders’ agreement with eZebra.pl and its partners.
“Under the agreement, as a result of purchasing existing shares from the founders and after registering the increase in eZebra’s share capital and taking up the newly created shares by the company, the company will ultimately become the owner of 75% of eZebra’s shares,” we read in the stock exchange announcement.
The Dino company informed that its intention is to cooperate with the founders and management staff of eZebra “in order to further develop the activities of the eZebra.pl drugstore and jointly build competences in the area of e-commerce.” “The founders will remain on the Management Board of eZebra, supervising the implementation of the current development strategy,” it was announced.
It was stipulated that the transaction would be completed provided, among other things, that: obtaining the consent of the President of the Office of Competition and Consumer Protection to purchase shares by March 31, 2024.
“The price for the shares will be approximately PLN 61 million, of which PLN 11.5 million will go to eZebra as a contribution due to the company taking up new shares in the share capital of eZebra and will support its further development, and the amount of approximately PLN 49.5 million will constitute payment for existing shares purchased by the company from the founders,” the stock exchange announcement added.
eZebra runs an online drugstore at ezebra.pl, which offers a wide range of cosmetics and perfumery and accessories in the beauty, health, personal care and household categories.
“The business is conducted in a traditional commercial model, based on a rented warehouse, from which goods previously purchased from manufacturers are sent to retail customers placing orders on the eZebra website,” we read on the Office of Competition and Consumer Protection website.
Dino is a nationwide chain of food and industrial stores. The chain’s stores are located mainly in small and medium-sized towns and on the outskirts of large cities. At the end of September this year the Dino chain had 2,340 stores, compared to 2,069 supermarkets in the same period last year.
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