InPost, Advent, FedEx, A&R and PPF announce agreement on recommended all-cash offer for all issued and outstanding InPost shares at an offer price of EUR 15.60 per share
InPost S.A. And Iris Lux Bidco S.à r.l. Have announced a conditional agreement on an all‑cash public offer for every issued and outstanding InPost share at €15.60 per share, valuing the company at roughly €7.8 billion.
Transaction overview
The offer represents a premium of 50 % to the undisturbed share price of €10.4 on 2 January 2026 and 53 % to the three‑month volume‑weighted average price of €10.2. The consortium behind the bid comprises Advent (37 %), FedEx (37 %), A&R Investments (16 %) and PPF (10 %). PPF will sell its entire stake but will reinvest part of the proceeds to retain a 10 % holding in the consortium.
Boards of InPost, acting through a special committee, have unanimously recommended the offer, citing an attractive valuation and strong deal certainty. Shareholders representing 48 % of InPost’s shares have irrevocably committed to tender their holdings.
Did You Know? The consortium’s financing package includes €5.918 billion of equity commitments and up to €4.950 billion of debt commitments, providing “certain funds” for the transaction.
Strategic significance
InPost, with a network of 61 000 automated parcel lockers and more than 33 000 pick‑up and drop‑off points across nine European countries, has quadrupled parcel volumes between 2020 and 2025. The consortium aims to accelerate this growth by expanding the locker network into France, Spain, Portugal, Italy, Benelux and the United Kingdom while deepening digital consumer offerings.
FedEx brings global logistics expertise and a network that reaches 3 million businesses and 225 million recipients, while Advent adds private‑equity experience in logistics and technology. The partnership is structured to keep InPost operating under its own brand and management, with CEO Rafał Brzoska retaining his stake through the consortium.
Expert Insight: Samantha Carter – The deal could reshape Europe’s last‑mile delivery landscape by pairing InPost’s dense locker infrastructure with FedEx’s worldwide reach, potentially delivering faster, more flexible service to consumers while giving the consortium a foothold in the continent’s fastest‑growing e‑commerce market.
What may happen next
If the offer proceeds, the transaction is slated for completion in the second half of 2026, subject to regulatory clearances, a minimum acceptance level of 80 % of shares, and the fulfillment of pre‑offer conditions. Upon settlement, the consortium will become the indirect sole shareholder of InPost.
Should the consortium secure at least 80 % but less than 95 % of shares, a post‑closing demerger will be executed, followed by liquidation of the original listed entity. If ownership reaches 95 % or more, statutory squeeze‑out proceedings could be initiated to acquire 100 % of the shares.
Two extraordinary general meetings will be convened – one during the offer period to approve governance changes and a second after settlement to ratify the demerger and liquidation resolutions.
Frequently Asked Questions
What is the offer price per InPost share?
The offer price is €15.60 per share, cum dividend.
How is the consortium structured?
Post‑settlement, Advent will hold 37 %, FedEx 37 %, A&R Investments 16 % and PPF 10 % of the indirect sole shareholder of the offer entity.
When is the transaction expected to close?
The parties anticipate the offer to close in the second half of 2026, subject to regulatory approvals and fulfillment of offer conditions.
What impact could this consolidation have on the future of European parcel delivery?