bpost to sell Ubiway Retail

bpost to sell Ubiway Retail

bpost group announces that a binding takeover agreement for Ubiway Retail was signed with Golden Palace Group

bpost, Ubiway and Golden Palace entered into a binding agreement on the sale of 100 % of the shares of Ubiway Retail SA/NVthe integrated retail network operating Press Shop, Hubiz, Ubi and Relay brands (170 stores) to Golden Palace. Two members of the current management of Ubiway Retail will also become shareholders of the company. The closing of the transaction is expected to take place by the end of February 2022.

bpost said: “The Ubiway Retail activities were no longer core to bpost strategy as bpost group is focusing on the acceleration of its transformation into an international e-commerce logistics player.

Golden Palace wants to diversify its activities and intends to further develop the Ubiway Retail network.”

bpost was advised by Degroof Petercam for this transaction.

 

Relevant Directory Listings

Listing image

ZEBRA

Zebra Technologies is an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge. Zebra’s products, software, services, analytics and solutions are used to intelligently connect people, assets and data to help our customers in a […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This