This article is from: srnnews.com
May 22 (Reuters) – Polish parcel locker company InPost said on Friday that the €7.8 billion ($9 billion) buyout offer from a consortium made up of FedEx, Advent International and other InPost investors would run from May 26 to July 27.
Regulatory clearances for the deal have already been obtained in China, Israel, Italy, Turkey and Ukraine, while reviews by the European Commission and Vietnam are expected to be completed in the second half of 2026, the company said in a statement.
The all-cash takeover bid announced in February and unanimously recommended by InPost’s board is supported by 48% of shareholders. However, for the deal to go through, 80% of shares must be tendered.
Although the companies will remain independent competitors, the €15.60 per share bid would allow U.S.-based FedEx to expand its reach in Europe while helping build a European parcel locker champion.
InPost’s shares would be delisted from the Euronext Amsterdam stock exchange after the deal is closed.
Two extraordinary general meetings will be convened to inform shareholders of the offer, InPost said.
($1 = 0.8610 euros)
(Reporting by Gianluca Lo Nostro and Margaux Perrin; Editing by Milla Nissi-Prussak)
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