As the Company already informed the public in its October announcement, the Board of Directors has decided to carry out the acquisition of Inveturio Zrt. by a designated subsidiary, OXO Labs Kft., in the form of a leverage buyout.
The leverage was provided by Oberbank under the Széchenyi Investment Loan facility for a total amount of HUF 300 million. The Company financed the co-payment to the bank loan in the amount of HUF 157 million. The transaction was closed on 14 December 2022 at a purchase price of HUF 457 million.
Inventurio Zrt. has become known to users under the brand name Olcsobbat.hu, a platform that provides a complex service that solves the current challenge of webshops by guiding price-sensitive customers through a large selection of products. Olcsobbat.hu not only operates price comparison, but also provides aggregator-managed account shopping, self-service shopping, and display shopping. Currently it is the third largest price comparison platform in Hungary, offering more than 5,500 online shops with nearly 4 million products and is a qualified Google Shopping provider.