InPost Express sold for PLN 110 mln

Polish mail and parcel company Integer.pl has sold its unit InPost Express to Logistics Venture for PLN 110 million, the company informed in a statement. The consideration includes PLN 68 million for the 100 percent shareholding and PLN 42 million for the transfer of receivables. Payment will be made in three tranches: PLN 50 million by August 31, PLN 25 million by December 31 and PLN 35 million by June 30, 2017. Integer.pl is the second biggest mail postal operator in Poland. The company has been listed on the WSE since 2007.