By Tom Fish (22 Aug 2022, 3:23 PM BST) — E-commerce website Vinted UAB said on Monday it has finalized its offer to acquire all shares in second-hand fashion platform Rebelle AB, in a deal worth about 315 million Swedish kronor ($29.6 million).
The all-cash offer from Lithuania-based Vinted means it now owns 96.7% of its German rival’s share capital and voting rights. The terms of the agreement stipulated that a threshold of 90% had to be passed.
A Swedish law firm, Roschier Advokatbyrå AB, is acting as Vinted’s legal advisor.
The retail companies said the decision to combine operations will allow them to take advantage of…
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