Ahold Delhaize: seals deal with bol.com-Cycloon
(CercleFinance.com) - Ahold Delhaize has announced that bol.
com, its online retail subsidiary in Benelux countries, and the delivery expert Cycloon have finalised their strategic partnership whereby bol.com becomes the majority shareholder of Cycloon.
The Dutch Consumer and Markets Authority has approved the transaction. Bol.com and Cycloon can now work on their first joint delivery, which is expected to take place in the second half of this year.
Under the agreed terms, bol.com will acquire the remaining shares in four years, subject to approval from the relevant competition authority. The parties intend to continue to operate Cycloon as an independent brand.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
com, its online retail subsidiary in Benelux countries, and the delivery expert Cycloon have finalised their strategic partnership whereby bol.com becomes the majority shareholder of Cycloon.
The Dutch Consumer and Markets Authority has approved the transaction. Bol.com and Cycloon can now work on their first joint delivery, which is expected to take place in the second half of this year.
Under the agreed terms, bol.com will acquire the remaining shares in four years, subject to approval from the relevant competition authority. The parties intend to continue to operate Cycloon as an independent brand.
Copyright (c) 2022 CercleFinance.com. All rights reserved.