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Dino Polska SADino retailer to acquire 75 pct stake in online chemist eZebra. pl for PLN 61 mln (EUR 13.7 mln)
Listed retailer Dino has concluded a preliminary conditional share sale agreement and shareholders agreement with eZebra. pl, based on which Dino will acquire 75 percent of the shares in the online store, the company said in a statement.
"The price for the shares will be approximately PLN 61 million (EUR 13.7 million), of which PLN 11.5 million (EUR 2.6 million) will be credited to eZebra as a contribution from the company's acquisition of new shares in the capital of eZebra and will support its further development," Dino added.
PLN 49.5 million (EUR 11.1 million) will be the payment for the existing shares repurchased by the company from the founders.
Dino will purchase the shares if the required conditions precedent can be met before March 31st 2024.
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