Bulgaria’s Speedy In Acquisition Tals

Bulgarian express delivery company Speedy [BUL:0SP] said on Thursday that it has entered talks for the acquisition of its local peer Rapido Express and Logistics for between 6 million euro and 12 million euro ($7.1 million – $14.2 million).

The final price of the deal depends on the financial results of Rapido Express and Logistics and will be paid in instalments for 30 months, Speedy said in a bourse filing.

The contract will be submitted to the Commission for Protection of Competition.

The deal will be finalised upon receiving approval from the competition regulator and satisfaction of all necessary conditions, the statement reads.

 

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