13.04.2021
Artikel Nummer: 36007
A majority with speed
GeoPost/DPD Group has taken over the majority of the shares of CEP player Speedy. A shareholder since 2014 (25%), the French holding now controls 69.81% of the share capital, reinforcing its presence in Bulgaria and Romania.
A successful voluntary tender offer (VTO) allowed GeoPost/DPDgroup to obtain this majority share on 19 March 2021. The deal is being reviewed by the Bulgarian financial supervision commission, which could further increase the shareholding by the end of June 2021.
Valeri Mektouptchiyan, founder of Speedy, remains CEO of the company. Speedy's overall revenue growth in 2020 was 39% in Romania and 20% in Bulgaria with a total parcel volume of 52.8 million (33% growth for 2020). (sh)