A consortium led by FedEx and Advent International has secured tenders for 89.81% of InPost’s shares, clearing the minimum acceptance threshold for its proposed €7.8 billion takeover of the European parcel-locker operator.
InPost said the offer passed the required 80% threshold. The consortium agreed in February to acquire the company for €15.60 per share in cash, valuing the equity at about €7.8 billion.
Deal moves closer to completion
The consortium includes FedEx, Advent International, A&R Investments and PPF Group. Regulatory clearances required for the transaction had already been obtained, leaving shareholder acceptance as one of the major remaining conditions.
FedEx’s planned investment is valued at roughly $2.6 billion. Under the ownership structure previously disclosed, FedEx and Advent would each hold 37%, A&R Investments 16% and PPF 10% after completion.
InPost will remain a standalone business
InPost is expected to keep its name, existing management structure and headquarters in Poland. The company operates one of Europe’s largest automated parcel-locker networks, with operations across nine countries.
The business has grown rapidly as e-commerce customers increasingly use out-of-home delivery options. That expansion has also required heavy capital spending and exposed InPost to rising competition in several markets.
FedEx seeks a larger European footprint
For FedEx, the transaction would add a large last-mile network focused on parcel lockers and pickup points. The companies have said they plan to operate InPost independently while exploring commercial cooperation between the two networks.
InPost has said its shares will be delisted from Euronext Amsterdam after the transaction closes. With the acceptance threshold now exceeded, the takeover has moved substantially closer to completion, although final settlement and closing mechanics still need to be completed.
Sources: InPost, FedEx, Reuters and European Commission transaction records.
