Allegro Group complese sale of all its shares in companies in Slovenia and Croatia
Allegro has finalized the sale of 100% of shares in Mimovrste (Slovenia) and Internet Mall (Croatia), known together as Mall South, to Mutares SE & Co. The transaction was completed after receiving required antitrust approvals. It also includes related technology assets and Czech-based teams supporting the business.
With the deal closed, Allegro will no longer consolidate Mall South’s financial results, previously reported as discontinued operations. The financial impact is in line with earlier estimates, including a one-off negative net effect of about PLN 235 million. However, the sale is expected to improve Allegro’s adjusted EBITDA profile by eliminating operating losses generated by the divested segment.