FedEx and Advent Consortium Secure Control of InPost in €7.8B Acquisition Deal
FedEx, Advent, and Investors Finalize InPost Takeover
Share Tender and Offer Details
Sept 18 (Reuters) - Polish parcel locker operator InPost said on Friday that 89.81% of its shares had been tendered in the offer from a consortium made up of FedEx, Advent International and other InPost investors.
The minimum acceptance threshold of 80% of shares was reached, InPost added in a statement.
Acquisition Terms and Delisting
The consortium agreed in February to buy InPost for about €7.8 billion ($8.95 billion) in an all-cash offer of €15.60 per share. InPost has said its shares will be delisted from Euronext Amsterdam after the transaction closes.
InPost’s Operations and Market Position
Business Overview
The company, which operates across nine countries including Poland, has one of Europe's largest networks of automated parcel lockers. It will continue to operate under the InPost name and maintain its management structure and headquarters in Poland.
Competitive Landscape and Expansion
Since its 2021 listing, its shares have faced pressure from intensifying competition in its home market and heavy investment spending to support rapid expansion.
Additional Information
($1 = 0.8711 euros)
(Reporting by Anna Peverieri in Barcelona; Editing by Rod Nickel)
