DPD Group reinforces its presence in Bulgaria and Romania
GeoPost/DPDgroup has acquired the majority stake of Speedy AD in Bulgaria with 69.81% of the share capital.
This follows a successful relationship spanning a decade.
- In 2010, Speedy became a partner of the GeoPost/DPDgroup network in Europe for parcel delivery in Bulgaria.
- In 2014, GeoPost/DPDgroup enhanced this partnership, acquiring 25% of Speedy AD. Speedy then took control of DPD Romania (previously owned by GeoPost/DPDgroup).
- On 19 March 2021, a successful voluntary tender offer (VTO) allowed GeoPost/DPDgroup to obtain a majority share (69,81%) in Speedy AD.
- A Mandatory Tender Offer is under review by the Bulgarian Financial Supervision Commission, which could further increase the shareholding by the end of June 2021.
“In this incredibly dynamic parcel market, we want to further develop our business to better support the development of our customers,” explains Yves Delmas, COO Europe DPDgroup. “Bulgaria and Romania are the fastest growing markets in Eastern Europe and we are therefore very pleased to integrate Speedy AD in DPDgroup.”
Valeri Mektouptchiyan, founder of Speedy, remains CEO of the company and states: “We have been developing the parcel markets in Bulgaria and Romania over the past 20 years; it is the right time for Speedy to be part of an international network with coverage in Europe and beyond. I am very happy that we managed to bring this partnership to successful level and that we delivered on our promises to the investors when we made the company public in 2012.”
