Mutares Receives Irrevocable Offer From Quiver to Buy Stuart
Bitget2026/10/26 06:30- Mutares received an irrevocable offer from Quiver to acquire Stuart, comprising SRT Group and its subsidiaries.
- Closing is expected in the fourth quarter of 2026, subject to informing employee representatives.
- France-based Stuart operates an urban and last-mile logistics platform, generating revenue of around EUR 50 million with about 70 employees.
- The sale would reduce exposure to retail, following the logistics business's acquisition in 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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