Speedy JSC (BUL:0SP) signed a preliminary agreement to acquire GeoPost Bulgaria OOD from Geopost Yurtichi Cargo Servizi AS 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 Dynamic Parcel Distribution SA from GEOPOST SA.

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. The transaction is subject to competition regulator's approval.

The Bulgarian competition regulator approved the transaction on July 29, 2014.