Otto Plans to Sell Mondial Relay to InPost
By Kim Richters
Otto GmbH & Co KG said Monday that it intends to sell French
subsidiary Mondial Relay to InPost SA for around 565 million euros
Amsterdam-listed InPost, which offers logistics services such as
parcel lockers, agreed to take over 100% of the logistics company
Mondial Relay, according to the German retailer, also known as Otto
The takeover plans also include Mondial Relay operations in
Belgium, Luxembourg, the Netherlands, Portugal and Spain and
Mondial Relay's current management will continue to head the
business, said Otto.
Write to Kim Richters at email@example.com
(END) Dow Jones Newswires
March 15, 2021 07:04 ET (11:04 GMT)
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