The e-commerce specialist The Platform Group AG continues to invest in its investment portfolio.
On Friday, the company announced that it wanted to fully take over the automotive platform Vivelacar GmbH. The Platform Group has been the majority shareholder of the company since the beginning of 2023. Now “the share takeover has been agreed with three selling parties” in order to increase the shareholding to one hundred percent, according to a statement.
The transactions, which are expected to close in March, will be financed “by both cash and share compensation within the authorized capital of The Platform Group AG,” the company said.
The group, which emerged in November from the merger of Fashionette AG with The Platform Group GmbH & Co KG, also announced a further investment. As part of a share swap, the company said it acquired around 7.6 percent of the shares in the Berlin eyewear retailer Mister Spex SE.