Merger between Extreme Digital and eMAG
The eMAG, the Hungarian subsidiary of the South African Naspers Group and the Extreme Digital Zrt. decided to merge, creating one of the key retail companies in the Central European region. The parties also announce the merger intent at the competition authority (GVH), so the transaction can be closed and merged after the approval of GVH, expected in the third quarter of 2019.
The merger of the two e-commerce companies will create a new company headquartered in Budapest, where the international expansion launched by Extreme Digital and eMAG will also be monitored. In the leadership of the new company, the founders of Extreme Digital, Várkonyi Balázs and Kelemen Gyula will have a leading role.
Related news
Interview with Kinga Daradics, the new CEO of eMAG: Vision and innovations in e-commerce
In an interview with Pénzcentrum, Kinga Daradics, the newly appointed…
Read more >eMAG launches a baby shop section
eMAG significantly increased the sale of baby-mother products in the…
Read more >Free package delivery is coming
Emag has launched its new subscription loyalty program called Genius,…
Read more >Related news
Tetra Pak has announced that Alex Henriksen will be the managing director of the Eastern European region
Tetra Pak, one of the world’s leading food processing and…
Read more >Coca-Cola Hungary has developed new educational modules on waste circulation
After the online curriculum on the basics of the circular…
Read more >Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >