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Post office: acquires 51% of the Chinese Sengi, first foreign in the group

2021-01-20T06:46:55.786Z


"For the first time, a foreign company will become part of the Poste Italiane group, contributing to the consolidated results of the group". (HANDLE)


(ANSA) - ROME, JANUARY 20 - "For the first time a foreign company will become part of the Poste Italian group, contributing to the consolidated results of the group".

Strengthens the partnership in the e-commerce market between Italy and China with a binding framework agreement with Cloud Seven Holding: provides for the acquisition of 51% of the voting capital of Sengi Express (100% of Cloud Seven Holding, based in Hong Kong).

"It is a leading company in the creation and management of cross-border logistic solutions for Chinese e-commerce merchants active on the Italian market, with a pro-forma 2020 turnover of around 80 million euros".

The closing of the transaction is expected by the end of the first quarter.


    The agreement "strengthens the group's strategy aimed at improving the customer experience", comments the CEO.

MatteoDel Fante: "It aims to develop and retain the flow of e-commerce shipments. This is a historic milestone in the process of opening Poste Italiane to international markets, thanks to the entry of a foreign company into the group. With this agreement - he adds - we further diversify, also geographically, our revenues and continue our growth strategy through alliances in the most promising business areas ".

(HANDLE).


Source: ansa

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