Bulgarian parcel delivery co Speedy in acquisition push at home, abroad Bulgarian provider of express delivery services Speedy said on Thursday it has signed a preliminary agreement for the acquisition of two peers as part of regional expansion plans. The agreed full takeover of Romania's Dynamic Parcel Distribution, a unit of France's GeoPost, and of GeoPost Bulgaria OOD, part of Turkey's GeoPost Yurtici Kargo Servisi, will position Speedy to provide integrated logistic services on both markets, the Bulgarian company said in a statement. 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 statement said. Speedy will invest a combined BGN 30 million in the acquisition of the two companies and its investment program in Romania. The required funds will be raised through a capital increase and a long-term investment loan.
Source: Capital (21.03.2014)

Bulgaria’s Speedy buys parcel distribution company DPD Romania Bulgarian courier company Speedy will buy parcel service companies DPD Romania and Geopost Bulgaria OOD. The two companies are subsidiaries of the French company GeoPost and of the Turkish company Geopost Yurtichi Cargo Servizi. In a notice published on the Bulgarian Stock Exchange – Sofia website, Speedy announced that the funds needed for the acquisition of the two companies and the investment programs for Romania amount to BGN 30 million (some EUR 15 million). The entire funding will be provided by a capital increase and by a long-term investment loan. This transaction gives GeoPost the chance to acquire 25 percent of Speedy, according to the notice. GeoPost has been a significant investor and has the option to increase its shareholding to significant majority participation. Following the acquisition of the two companies, "Speedy shall be able to focus on the consolidation of the two markets by provision of integrated logistic services to its Bulgarian and Romanian clients. In addition Speedy shall enjoy a direct access to the ground network of DPD in Europe in its capacity of a full member," reads the notice. DPD Romania ended the first nine months of the year with a turnover of some EUR 7.8 million (RON 34.8 million), up 24 percent compared to the same period in 2012. The company saw its profit go up 16 percent year-on-year at the end of September 2013.
Source: Standart (21.03.2014)

Bulgarian parcel delivery co Speedy to raise capital via share issue Bulgarian provider of express delivery services Speedy said it has received shareholder’s approval to increase its capital to BGN 5.3 million from BGN 4.5 million through a share issue. The company plans to issue 889,320 new voting shares at a par value of BGN 1.0 and issue value of BGN 23 apiece, Speedy said in a bourse filing on Monday. The proceeds will be used for the acquisition of 100% of Romania's Dynamic Parcel Distribution, a unit of France's GeoPost, and GeoPost Bulgaria OOD, part of Turkey's GeoPost Yurtici Kargo Servisi. Current shareholders can subscribe to a single new share for each five shares they own. The capital hike would be successful if investors subscribe for at lease 711,456 shares. Share rights would be traded on the Sofia stock exchange. In March, Speedy said it has signed a preliminary agreement for the acquisition of the two peers as part of regional expansion plans. 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 statement said. Under the agreement, Speedy will invest a combined BGN 30 million in the acquisition of the two companies and its investment program in Romania. The required funds will be raised through a capital increase and a long-term investment loan.
Source: Capital (02.04.2014)

Bulgaria’s Speedy plans to pay 0.51 euro/share in 2013 dividend Bulgarian provider of express delivery services Speedy said on Monday it plans to pay a gross dividend of BGN 1.0 per share for 2013. The company plans to distribute as dividend a total of BGN 4.45 million from its 2013 profit of BGN 8.83 million. The proposals will be put to the vote at a general shareholders’ meeting scheduled for May 14.
Source: Capital (08.04.2014)

Bulgarian provider of express delivery services Speedy will replace construction company Holding Roads in the BGBX 40 and BGBXTR 40 indices of the local stock exchange, the bourse operator said. The change will become effective as of June 20, the Bulgarian Stock Exchange (BSE) said in a statement posted on its website on Wednesday. Holding Roads said on Tuesday it has been declared insolvent, its activity has been terminated and its property placed under distraint. BGBX 40 is a price index that tracks 40 issues of common shares with the greatest number of transactions and the highest median value of the daily turnover during the last six months.
Source: Capital (20.06.2014)

Bulgarian parcel delivery co Speedy to move on with cap hike plans Bulgarian provider of express delivery services Speedy said it will stick to its plans for a capital increase despite its failure to obtain approval from the financial regulator. "The procedure for a capital increase in terms of public offering of a new issue of shares shall continue by submission of an updated prospectus for approval [with the financial regulator] in a short term," Speedy said in a bourse filing. The Financial Supervision Commission last week declined to approve Speedy's prospectus for an initial public offering of shares. In March Speedy said it received shareholder’s approval to increase its capital to BGN 5.3 million from BGN 4.5 million through a share issue. The company planned to issue 889,320 new voting shares at a par value of 1.0 lev and issue price of 23 levs apiece. The proceeds were planned to be used for the acquisition of 100% of Romania's Dynamic Parcel Distribution, a unit of France's GeoPost, and GeoPost Bulgaria OOD, part of Turkey's GeoPost Yurtici Kargo Servisi. At the same time, as part of the agreed transaction, GeoPost intended to take 25% of Speedy as a strategic investor with an option to raise by 2020 its holdings to a majority stake.
Source: Capital (23.07.2014)

French GeoPost acquired its first large package of Speedy shares French company GeoPost made the first step towards the acquisition of a considerable minority share in the Spedy delivery company with buying 11% of its shares against BGN 12 million in a deal on the BSE – Sofia. The strategic intention of the foreign investor is to increase its stake to 25% from Speedy’s capital. The move is part of a larger deal for the acquisition of the French company’s Bulgarian and Romanian subsidiaries by Speedy. Danail Danailov, member of the Board of Directors of Speedy, explained that GeoPost’s subsidiaries in Bulgaria and Romania will remain separate companies. A total of BGN 32.4 million is necessary for their acquisition and further investments in the two companies, which will be provided via Speedy’s capital raise and a loan from UniCredit Bulbank.
Source: Standart (01.10.2014)