Allegro.eu shareholders started ABB to sell up to 76.5 million shares

The majority of Allegro.eu shareholders - Cidinan S.à r.l., Permira VI Investment Platform Limited and Mepinan S.à r.l. - launched an accelerated book-building (ABB) process aimed at selling up to 76.5 million common shares, carrying 7.5% of votes at the general meeting, the company said.

The remaining Allegro.eu shares held by these shareholders were subject to a 90-day lock-up, as stated in the announcement.

According to the information on the company's website, these shareholders currently hold a total of 69.76% of the company's shares, entitling to as many votes at the general meeting.

Allegro is the number 1 trading platform in Poland. Sales are mainly carried out by companies via the Allegro.pl marketplace e-commerce platform. The value of products sold (GMV) on the group's platform accounted for approx. 3% of the retail market in Poland in 2019. Since October 2016, Allegro belongs to the funds of Cinven, Permira and Mid Europa. The company made its debut on the WSE in October 2020.

Source: ISBnews