The takeover of eZebra is questionable
Regarding the preliminary agreement concluded between Dino and eZebra, the court issued a protective order.
A month ago, representatives of the nationwide chain of grocery and industrial stores Dino and the online drugstore e-Zebra signed a preliminary conditional share sale agreement and a shareholders’ agreement, based on which the store chain was to take over 75% of the drugstore’s shares. It was estimated that the transaction would amount to PLN 61 million. The messages sent by the companies’ representatives stated that the purpose of this merger was to develop the activities of drugstores and undertake joint activities in the area of e-commerce. In accordance with the procedures, information about the intention of concentration was submitted to the Office of Competition and Consumer Protection (UOKiK). While waiting for the Office of Competition and Consumer Protection to respond to this case, the court issued a decision in which “security was granted to the applicant’s claim regarding the recognition that the signed contract was ineffective in relation to the applicant.” This means that the intention to merge the two companies is questionable. In this situation, two scenarios are possible: either consolidation will not be achieved or it will take place, but it will be postponed. Representatives of both companies unanimously declare that they do not agree with the court’s decision and will take appropriate legal steps.
