PineBridge Investments and Make EUR108 Million Joint Investment (CEE/CIS)

Source: PineBridge Investments

Global multi-asset class investment manager PineBridge Investments and Polish postal group Group have announced a joint investment to develop and roll-out a parcel system called EasyPack in Europe and CIS countries. Already operating in Poland and Russia, EasyPack enables the sending and collecting of packages 24 hours a day. PineBridge Investments plans to invest EUR50 million in the project, while will make a cash and capital investment of EUR58 million over two years.