Speedy JSC (BUL:0SP) signed a preliminary agreement to acquire Dynamic Parcel DistributionSa from GEOPOST SA on March 20, 2014. The required funds for the transaction will be raised through a capital increase and a long-term investment loan. In a related transaction, Speedy signed a preliminary agreement to acquire GeoPost Bulgaria OOD from GeoPost Yurtici Kargo Servisi. Speedy will invest a combined BGN 30 million for acquisition of Dynamic Parcel Distribution and GeoPost Bulgaria OOD. As part of the agreed transaction, GeoPost will take 25% of Speedy as a strategic investor with an option to raise in 2020 its holdings to a majority stake. Val Zamfirescu and Claudiu Bistriceanu of BDO Audit SRL acted as accountant while Portnoi, Tudor & Associates acted as legal advisor to Speedy.

Speedy JSC (BUL:0SP) completed the acquisition of 99.9% stake in Dynamic Parcel DistributionSa from GEOPOST SA on November 20, 2014.