DLA Piper's Warsaw office has advised Allegro.pl on the purchase of shares in Polish online ticket seller eBilet Polska. GKR Legal advised the selling shareholder.
Pursuant to the preliminary share purchase agreement, the completion of the transaction remains contingent on the consent of the President of the Office of Competition and Consumer Protection.
DLA Piper describes Allegro.pl as "the largest online trading platform in Poland and in the Central & Eastern Europe region as a whole." According to the firm, "the acquisition of shares in eBilet will allow both companies to widen the offer of products and services on their respective platforms, as well as increasing their potential customer base, providing access to the broadest possible range of the most popular and sought-after cultural, sporting, musical and family events in Poland." DLA Piper also quotes Marcin Matuszewski, President of eBilet Polska, as saying that the aim of the cooperation with Allegro is "to offer clients in Poland one place in which they can gain inspiration and plan their free time," and Francois Nuyts, President of Allegro, as emphasizing that "the market for the online sale of tickets for entertainment events in Poland is worth more than PLN 700 million and is growing at around 20% per year. Together with eBilet.pl we can play a significant role in this market."
The DLA Piper team was led by Counsel Jakub Domalik-Plakwicz, Senior Associate Michal Orzechowski, and Associate Anna Chrabota-Bajson, all working under the supervision of Partner Marta Frackowiak.
The GKR Legal team included Partner Tomasz Krawczyk, Advocate Tomasz Małecki, and Legal Counsel Justyna Burska.
Editor's Note: On May 31, 2019 DLA Piper informed CEE Legal Matters that Poland's President of the Office of Competition and Consumer Protection had issued his consent to the deal, and that the transaction had thus closed.