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PostNL €130 million acquisition of Sandd

25/2/2019
Private acquisition
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$ 130 million

Announced

25/2/2019

Overview:

  • Dutch postal company PostNL has agreed to acquire rival Sandd for €130 million.
  • In the Dutch postal sector, PostNL currently controls approximately 70% of the market while Sandd holds the remaining 30%.
  • The transaction is subject to approval by the Authority for Consumers & Markets (ACM).

Prin Shasiharan – Researcher

Jurisdiction:

Netherlands

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Netherlands

Industry sector:

Consumer goods and services

Firms:
Bird & Bird

Party: PostNL (Acquirer)

Lawyer: Marjolein Geus

Houthoff

Party: Sandd (Target)

Lawyers: Michiel Pannekoek, Richard Witvliet

Stibbe

Party: PostNL (Acquirer)

Lawyer: Egbert Vroom

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