20221006_CnovaNVxClogisticsxGeoPost
CNOVA N.V.
C-Logistics, Cdiscount’s logistics subsidiary,
reinforces its industrial partnership with Group La Poste/GeoPost
AMSTERDAM – October 6, 2022, 07:45 CET Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova”) today announced the reinforcement of the industrial partnership between Cdiscount’s logistics subsidiary, C-Logistics, and GeoPost
Having been partners for nearly ten years, the two leaders in e-commerce logistics are now willing to reinforce their industrial partnership through the acquisition by GeoPost of a majority stake in CChezVous, C-Logistics' subsidiary dedicated to the transportation of bulky products. C-Logistics and GeoPost have also agreed to extend their collaboration to deliver small parcels throughout Europe, enabling C-logistics to accelerate its international expansion, reinforcing Cnova’s B2B strategic pillar.
Since 2021 and as part of Cnova’s B2B strategy, C-Logistics has been supporting physical and e-retailers in the development of their French and International e-commerce activity.
As historical partners, C-Logistics and GeoPost have built a partnership enabling the development of express and standard home delivery in France as well as express pick-up points delivery (more than 14,000 pick-up points). GeoPost also supported the European development of C-Logistics with a home delivery solution in more than 20 European countries.
Today, the two experts in logistics are willing to bolster their strategic partnership through the acquisition by GeoPost of a
In order to accelerate its international expansion, C-Logistics expands its collaboration with GeoPost in Europe for small packages. Starting in October 2022, more than 34,000 GeoPost pick-up points will complement C-Logistics' delivery service offerings in 13 European countries. In addition, from February 2023 on, Chronopost will become C-Logistics' partner in Europe for aircraft express delivery of small parcels.
*amount subject to potential closing adjustments.
***
Cnova Investor Relations Contact: investor@cnovagroup.com | Media contact: Vae Solis Communications cdiscount@vae-solis.com 06 60 90 69 72 Elody Rustarucci Elody.Rustarucci@cdiscount.com +33 6 18 33 17 86 |
Attachment