CEE Attorneys has advised shareholder on the sale of his share in IN TIME SPEDICE to Austrian Post (Österreichische Post), which thus entered the Czech market.
The transaction was closed in August 2017 and the parties have agreed not to disclose the financial terms of the transaction.
IN TIME SPEDICE was founded in 1990 as the first Czech private courier and forwarding service. In 2016, it delivered more than four million packages and had a turnover of over ten million euros (more than a quarter billion Czech crowns).
The Österreichische Post was represented by Schönherr, Attorneys-at-law.