Inpost PLC (PKG) Eyes €15.6 Share Offer: Advent, FedEx, A&R, PPF Consortium Agrees All-Cash Takeover
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A consortium led by Advent International, L.P., FCWB LLC of FedEx Corporation, A&R Investments Ltd., and PPF Group has reached a conditional agreement to make an all-cash public offer for all issued and outstanding shares of Inpost PLC at €15.6 per share. The Paczkomat self-service locker, first launched in Poland, is central to the company's operations, with white machines stationed in subways and shops nationwide. The transaction, valued at about €1.3 billion, will see FedEx become the new majority shareholder. InPost remains headquartered in Poland with its management team and key innovation centers in place, and the deal is subject to regulatory and shareholder approvals.
EditorWong Mei Ling