Mutares SE & Co. KGaA (MUX.F), Wednesday announced an agreement to acquire Mimovrste d.o.o., Internet Mall d.o.o., and proprietary IT resources located in Czechia from Allegro Group, a business and leadership transformation company. The financial terms of the deal have not been disclosed.
The company stated that the deal represents a perfect opportunity to acquire the leading e-commerce platforms in the Balkans, built on a scalable technology platform and strong local brands.
Overall, the companies generate revenues of about 100 million euros and employ more than 250 employees.
The transaction is expected to close in the first quarter of 2026.
Currently, Mutares's stock is trading at 30.80 euros, up 2.50 percent on the Frankfurt Exchange.
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