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Allegro CEO: E-commerce company not involved in any business disputes with partners

Allegro, the CEO of Polish ecommerce company Allegro, denied on Friday that Allegro was in dispute with its partners despite its relationship with InPost deteriorating in recent months.

When asked by reporters about InPost, Allegro CEO Marcin Kusmierz said: "We don't believe that we are in any disputes or business with any entity."

At 0945 GMT, InPost shares rose 4.8% after falling around 13% Tuesday, when it reported slower volume growth in Poland. Allegro shares were up 2.6%.

Allegro has recently been sued by InPost for breaching their long-term agreement. According to JPMorgan, Allegro gets 30% of InPost's Polish revenues.

Allegro, according to InPost, has been redirecting its customers to their own lockers. Rafal Brzoska, CEO of InPost, commented on the claim made on Tuesday. He said that the company must look out for the interests its shareholders.

(source: Reuters)