CDON AB (OM:CDON) acquired 30% stake in Shopit Online Europe AB for SEK 26.6 million on July 5, 2021. Under the deal, CDON will pay SEK 26.6 million in cash for 30% of the shares and enter into a commercial agreement. With the acquisition, CDON will have an option to acquire the remaining 70% of Shopit within 18 months at a set price.

CDON AB (OM:CDON) completed the acquisition of 30% stake in Shopit Online Europe AB on July 5, 2021.