Dear Customers, not indifferent to the ongoing war in Ukraine, we would like to communicate the official position of VGL Solid Group in terms of cooperation with Customers from Russia. As an organisation, we will stop participating in serving Customers and supporting their deliveries by ceasing to offer any services to entities of Russian origin.

A new structure, a new name and a six-member board following the planned completion of the VGL Group and Solid Logistics transaction. The merger of VGL Group and Solid Logistics is gaining momentum as it enters its next phase – the integration phase. Meanwhile, the finalisation of the second stage of the transaction has been set for May 2021. After that, both groups will operate under the new combined name – VGL Solid Group. The management board of the newly-formed group will consist of six people.

In September, the VGL Group implemented one of the key initiatives within its development strategy. In August, an investment agreement was signed, under which on 22 September 2020 the VGL Group acquired 50% of shares in Solid Logistics. The next step in the integration of the Companies, scheduled for mid-2021, will be the exchange of shares between VGL and Solid.