InPost agrees £6.8bn takeover by FedEx and private equity consortium
InPost has agreed to be bought for £6.8billion by a consortium led by delivery firm FedEx and private equity firm Advent.
The offer price of €15.60 (£13.59) per share represents a 17.3 per cent premium to InPost's closing price in Amsterdam on Friday.
The parcel locker company will continue to trade under the InPost brand and its chief executive Rafat Brzoska will remain in his post.
Advent, A&R – a private investment firm founded by Brzoska – and PPF already own stakes in InPost of 6.5 per cent, 12.49 per cent and 28.75 per cent, respectively.
InPost is looking to expand its presence across Europe following the takeover
Following the deal, Advent and FedEx will each own 37 per cent holdings, with A&R owning a 16 per cent stake and PPF the remaining 10 per cent.
The deal, which is expected to be completed in the second half of the year, will see InPost expand in France, Spain, Portugal, Italy, Benelux and the UK.
In the UK, it expects to double its locker points to 30,000.
Hein Pretorius, chair of the supervisory board of InPost and the special committee, said: 'We believe that the transaction provides a solid foundation for the future of InPost, with the consortium that has a long-term perspective on value creation and fully endorses the strategy.'
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InPost floated in 2021 at €16 per share, but it has struggled since shares peaked in 2024, trading at around €10 at the end of last year.
In January, InPost said it had received an indicative takeover proposal from an unnamed party, boosting its shares.
'FedEx and partners have clearly pounced on the business while shares are still relatively cheap,' said Victoria Scholar, head of markets at Interactive Investor.
'The stake holding makes sense for Fedex as it provides another string to its bow in terms of parcel deliveries, with InPost's automated parcel machines (APMs) healthily complimenting FedEx's traditional door-to-door delivery capabilities.
'It also allows FedEx to widen its geographic footprint, expanding further into the European e-commerce market thanks to InPost's healthy presence in Europe, operating across nine countries including Poland, the UK, France and Italy.'
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