22:09 7 January 2026
Allegro trims foreign assets
Allegro has agreed to sell part of its international operations as it refocuses on its core markets. The company is divesting 100% of its shares in Mimovrste and Internet Mall, which operate e-commerce platforms in Slovenia and Croatia. The buyer is Mutares, a Germany-based fund specializing in turnaround investments.
The assets form part of the former Mall Group, acquired in 2021 for around PLN 4 bln, whose southern operations have continued to drag on results. Known internally as Mall South, the segment generated PLN 291m in revenue in the first three quarters of last year, down 7.8% y/y, and posted an EBITDA loss of PLN 23.8 mln.
Transaction terms were not disclosed and are expected to be modest. Allegro said the sale will reduce net profit by PLN 235 mln, largely due to write-downs, but should improve adjusted EBITDA by removing loss-making activities. Completion is expected in the first half of 2026, pending regulatory approval.
