Vinted

Vinted is offering €1.34 per share, or SEK14.10, for 22.35 million shares. Rebelle is listed on the Nasdaq Stockholm stock exchange. Rebelle’s bid committee is said to have unanimously recommended that shareholders accept the offer. A number of key Rebelle shareholders, whose aggregate stake is 64.70%, have reportedly already given their approval for the transaction.

“As industry colleagues, we have been following Rebelle for many years, and are impressed by their range and what they have achieved in the luxury segment,” said Thomas Plantenga, co-founder and CEO of Vinted. “By combining Rebelle’s expertise in this segment with Vinted’s geographical reach and broad membership base, we see great potential for creating a stronger value proposition for consumers, and ultimately promote an increase in the resale market’s popularity,” he added.

Rebelle, which operates websites in English, French, Italian and Dutch, was founded by Cécile Wickmann and Max

In February, the company was listed on the Nasdaq Stockholm stock exchange, raising SEK200 million (€19.1 million) on the occasion, in what was hailed as the first ‘green IPO’ on Nasdaq.

Vinted currently claims some 65 million users. The Vilnius-based company is doing business in Spain, France, Belgium, Germany, Austria, the Czech Republicand is also available to third-party brands