▶️ Otto Group fully reacquires Hermes Germany – Advent sells 25 percent stake
Otto Group fully reacquires Hermes Germany. | Advent sells its 25 percent stake and withdraws from the company. | The reacquisition is intended to facilitate integration and strategic realignment. | The decision affects employees, partners, and the existing logistics network. | Otto is focusing on strengthening the shipping infrastructure and increasing customer proximity. | Changes in service and offerings could result for the market. | | Financial details have so far only been partially disclosed. | The transaction strengthens Otto's position in the German mail-order market. | This step marks a turning point in the development of Hermes Germany. [...]
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