Roschier-Led completes $30M takeover of rival fashion site

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By Tom Fish (Aug 22, 2022, 3:23 pm BST) — E-commerce site Vinted UAB announced on Monday that it has completed its offer to buy all the shares in second fashion platform Rebel AB in a deal worth around 315 million. Swedish kroner ($29.6 million).

Vinted’s funding in Lithuania means it now owns 96.7% of its German rival’s share capital and voting rights. The terms of the agreement stipulate that the 90% limit must be exceeded.

Swedish law firm Roschier Advokatbyrå AB is acting as legal advisor to Vinted.

The retail companies’ decision to combine operations will allow them to leverage…

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