Poland’s Allegro buys Czech online retailer Mall Group for $1.02bn

The Polish e-commerce group Allegro is buying Czech online retailer Mall Group for 881 million euros ($1.02 billion) towards creating a regional platform.

Allegro is also acquiring logistics assets of WE|DO from prominent Czech investors –Jakub Havrlant’s Rockaway Capital investment group, PPF Group, and Daniel Křetínský’s and Patrik Tkáč’s EC Investments.

The merged company will operate in the Visegrad Four countries (Poland, the Czech Republic, Slovakia and Hungary), as well as in Slovenia and Croatia.