Gett transaction cancelled as VNV Global remains shareholder amid solid performance
- Perry Richardson
- 2 hours ago
- 1 min read
VNV Global has confirmed that the previously announced transaction involving mobility firm Gett will not proceed. The deal had aimed to transfer ownership but has now been halted following a joint decision by existing shareholders and the potential buyer.
Despite considerable effort to close the transaction, all parties involved have opted not to move forward. As a result, VNV Global will retain its position as a significant minority shareholder in Gett.
The company reported continued growth, with gross bookings reaching approximately USD 520 million over the twelve months ending March 2025. EBITDA during the same period came in at around USD 17 million. Gett also held over USD 60 million in cash and cash equivalents at the end of March 2025.
In light of these financial results, VNV Global anticipates a one-off dividend distribution from Gett to shareholders later this year. The investment firm also expects Gett to maintain focus on long-term growth initiatives.
VNV Global has stated its commitment to working closely with Gett’s management team and fellow shareholders to support future progress and value generation.
