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Announced

Completed

eMAG Hungary completed the merger with Extreme Digital.

Synopsis

eMAG Hungary and Extreme Digital, the two Hungarian online marketers, completed the merger. Following the merger, eMAG Romania became the majority shareholder of the new entity, with 52% of the shares, the remaining 48% returning to Extreme Digital shareholders. “This partnership is a recognition of the scalability and quality of eMAG technologies that have been developed over the past ten years. We are confident that eMAG’s development in the region will intensify as a result of this merger, creating the premises for expansion in countries where Extreme Digital is already active,” said Iulian Stanciu, eMAG CEO.

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