Japanese Softbank to invest €111 million in online footwear retailer Eobuwie

Zielona Gora, Poland-based eobuwie.pl is a company that sells online footwear and accessories in Central and Eastern Europe. Currently, it is operational in 17 European markets and claims to have successfully developed its own e-commerce with premium fashion – Modivo. 

In a recent development, the CCC Group has signed an agreement with SoftBank Vision Fund 2, under which it will invest PLN 500M (approx €110.9M) in eobuwie.pl

In accordance with the terms of this agreement, SoftBank will invest in eobuwie.pl by taking up convertible bonds. They will be converted into eobuwie.pl shares at the moment or before eobuwie.pl’s stock exchange debut, which is planned in the next year or two.

With this investment, Karol Niewiadomski, Investment Director at SoftBank Investment Advisers will join the Supervisory Board of eobuwie.pl.

Source

Our privacy policy
%d bloggers like this: