Wardynski & Partners has advised the Cainiao Network on its Polish partnership agreement with Deutsche Post DHL Group company DHL E-Commerce Solutions. ADP Legal reportedly advised the DHL company.
The transaction remains contingent on regulatory approval.
"The new venture aims to improve the quality and speed of Poland’s out-of-home delivery," Wardynski & Partners informed. "In the transaction, DHL will acquire a stake in the shares of Cainiao’s subsidiary in Poland. In the first phase following the transaction, the two companies plan to invest EUR 60 million to install parcel lockers across the country, with the aspiration of forming one of Poland's largest access point networks."
The Cainiao Network is a global logistics provider from the Alibaba Group. DHL E-Commerce Solutions specializes in both domestic and international parcel delivery.
The Wardynski & Partners team included Partners Maciej Szewczyk and Izabela Zielinska-Barlozek and Lawyers Kacper Czubacki and Oliwia Kruczynska.