FedEx and Consortium Announce Recommended All-Cash Offer for InPost Shares
- 6 days ago
- 2 min read
On 9 February 2026, InPost S.A. and a consortium comprising Advent International, FedEx, A&R Investments, and PPF Group reached a conditional agreement on a recommended all-cash public offer for all issued and outstanding shares in InPost at EUR 15.60 per share, valuing the company at approximately EUR 7.8 billion. The offer represents a 50% premium over the undisturbed share price as of 2 January 2026 and is supported by shareholders representing 48% of outstanding shares.
The transaction is expected to complete in the second half of 2026, subject to regulatory approvals and the publication of an offer memorandum approved by the Dutch Authority for the Financial Markets (AFM).
InPost, a leading European e-commerce solutions provider, operates a network of over 61,000 automated parcel lockers (APMs) and more than 33,000 pick-up and drop-off points across nine European countries, including Poland, the UK, France, Italy, Spain, Portugal, Belgium, the Netherlands, and Luxembourg. The company has expanded rapidly in Western Europe, quadrupling parcel volumes between 2020 and 2025.
The consortium intends to support InPost’s growth strategy, including expansion of its parcel locker network, consumer-centric digital solutions, and partnerships across the e-commerce value chain. InPost will continue to operate as a standalone company under its existing management, led by CEO and founder Rafał Brzoska, with headquarters remaining in Poland.
Consortium structure
Upon completion, the consortium will hold shares as follows: Advent 37%, FedEx 37%, A&R 16%, and PPF 10%. PPF will sell the majority of its stake but will reinvest part of the proceeds to maintain a 10% minority shareholding. The consortium has secured committed equity and debt financing to ensure the offer’s certainty.
Industry perspectives
Hein Pretorius, Chairman of the Supervisory Board of InPost, stated that the offer provides shareholders with immediate and certain value at an attractive premium while supporting the company’s long-term growth strategy. Rafał Brzoska emphasized that the transaction will enable InPost to strengthen its European footprint, enhance delivery options, and continue its mission of redefining out-of-home e-commerce logistics. FedEx CEO Raj Subramaniam highlighted the complementary nature of the partnership, enabling InPost to leverage FedEx’s global logistics network while remaining independent in its operations.
Transaction governance and shareholder approvals
The Boards of InPost, with assistance from financial and legal advisers, have unanimously recommended the offer to shareholders. Two extraordinary general meetings (EGMs) will be convened in connection with the transaction: one prior to the closing of the offer period and a second after settlement to approve post-closing corporate actions, including any demerger or squeeze-out procedures.
Strategic benefits
The transaction is expected to unlock long-term value creation for shareholders, customers, and employees, while further enhancing InPost’s position as a leading pan-European e-commerce enabler. InPost will continue its focus on efficient, flexible, and environmentally friendly delivery solutions, with the consortium providing strategic and financial support for its next phase of growth.
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