QXL Ricardo pays a pretty penny to regain Allegro.pl

After three years of conflict QXl Poland and QXL Ricardo signed a settlement. The main cause of the conflict was the fact that the British accused the Polish company of having issued shares without their consent, and due to that they lost control over Allegro. Both companies decided to reconcile their difference because they believe that due to the settlement they will be able to integrate the Polish group including Payback and Otomoto, retain high profits and expand on European markets. Mark Zalewski, the chairman of QXL Ricardo confirmed that regaining control over QXL Poland will double the profit of the group and will strengthen the position of company in Eastern Europe.(Puls Biznesu p. 6) M.M.