Following the transaction, Sameday Courier CEO Lucian Baltaru holds 20% of the shares and eMAG owns 80%. Octavian Badescu, the founder of Sameday Courier, sold its stake in the company.
Sameday Courier will continue its evolution as an independent brand and keep developing its courier services.
Delivery Solutions SA, the company operating the brand Sameday Courier, registered 56% higher revenue, of RON13.47 million, in 2016, compared with RON8.60 million in 2015, Sameday said in a statement.
The company’s pre-tax profit reached RON0.70 million in 2016, up 32% from RON0.53 million reported in 2015.