bpost has entered into an agreement for the acquisition of the Belgian activities of Lagardère Travel Retail. In Belgium, Lagardère Travel Retail sells newspapers, magazines and other convenience products, among others in train stations and airports, directly operating a network of 220 points of sale, with brands such as Press Shop and Relay. Lagardère Travel Retail also organizes the daily distribution and return of newspapers and magazines to some 5,345 points of sale. It also has recently built up a network of some 735 parcel pick-up and delivery points in Belgium under the Kariboo! brand, as well as other e-commerce solutions.
The closing of the transaction remains subject to customary closing conditions including the approval by the Belgian Competition Authorities.
Eubelius served as counsel to bpost. The Eubelius-team for the transaction was led by partners Erwin Destuyver (corporate) and Jan Bocken (competition) and also included Erik Voets and Stijn Goovaerts.
