Brussels gives green light to InPost acquisition by a consortium led by FedEx - Información Logística
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The European Commission has unconditionally approved the acquisition of InPost, the Polish parcel giant, by a consortium led by the American conglomerate FedEx, in a deal valued at 7.8 billion euros. InPost, which operates in France, Spain, the United Kingdom, Portugal, Italy, and the Benelux countries in addition to its home market, confirmed last Tuesday that it had received European approval for a deal that was announced last February. If the deal closes as planned, the acquiring consortium will acquire all of InPost's shares at a price of 15.60 euros per share, combining FedEx with the company's current investors, Advent, A&R, and PPF. The resulting share distribution would leave Advent, the American private equity firm, and FedEx with 37% each, while A&R, the investment vehicle of InPost's founder and CEO, Rafał Brzoska, would hold 16%, and PPF, the Czech fund created by the late billionaire Petr Kellner, with 10%. Currently, PPF owns 28.75% of the company, A&R 12.49%, and Advent 6.5%. The agreement stipulates that InPost will retain its name, brand, and headquarters in Poland, with Brzoska leading the company and as a significant shareholder through his own investment vehicle. The stated goal of the acquiring group is to support the rapid expansion that InPost has been leading in recent years, a growth built on its pioneering parcel locker model, first in Poland and...
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