Waberer's establishes a joint venture with Hungarian Post to provide a full range of parcel logistics services
WABERER’S INTERNATIONAL Nyrt. hereby announces that with Waberer’s Group as the majority shareholder and Hungarian Post (Magyar Posta Zrt.) as the minority shareholder, a joint venture will be established to serve the Parties’ existing and future customers with full range of parcel logistics support. The Parties shall provide the necessary resources for the joint venture in the form of a contribution in kind and shareholder’s loan.
Zsolt Barna, CEO of Waberer’s and György Schamschula, CEO of Magyar Posta Zrt. commented: “The join venture – to be created by Hungarian Post and Waberer’s – will be able to provide a highly efficient service and an attractive value proposition to our customers from the very beginning of the operation, based on the owners’ relevant experience, customer base and existing infrastructure. We are confident that in a market with high growth potential, the joint venture will be able to gain and maintain a significant market share in the long term.”
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