According to the UOKiK’s website, the companies will buy used vehicles through a new platform and then resell them to dealer networks. The UOKiK application seems to be a formality as FCG doesn’t currently operate in Poland.
FCG and OLX Group have been carrying out conceptual work and will work on a joint determination of the final assumptions after UOKiK’s approval, OLX’s Paulina Rezmer told Wirtualnemedia.pl.
FCG runs auto verticals in Mexico, Chile, Indonesia, Pakistan, Indonesia, and Nigeria. It buys vehicles directly from private sellers and resells them to dealers. The company recieved an $89 million U.S. investment from Naspers’ OLX Group in March 2018.