FedEx-led group completes $8.9B buyout of Poland’s InPost

A consortium led by FedEx ↘ 0.73% and Advent International completed its tender offer for Polish parcel-locker operator InPost on Friday after securing approximately 89.81% of shares, surpassing the 80% minimum acceptance condition and paving the way for one of Europe's largest logistics deals this year.bloomberg+1

The all-cash offer of €15.60 per share values InPost at €7.8 billion ($8.9 billion), according to Bloomberg. The tender period, which began in May, was extended through September 18 as the consortium awaited final regulatory approvals, including European Commission clearance granted on August 18.reuters+2

Ownership and Leadership

Following settlement, FedEx and Advent will each hold 37% of the controlling consortium. A&R Investments, the vehicle of InPost founder and CEO Rafał Brzoska, will retain 16%, while Czech investment group PPF will hold the remaining 10%. Brzoska is set to remain as CEO, and InPost will keep its brand, Polish headquarters and existing management structure.pulse2+2

The €15.60 offer price represented a 50% premium over InPost's undisturbed closing price of €10.40 on January 2, though it fell below the company's listing price when it debuted on Euronext Amsterdam in 2021.ttnews

Path to Delisting

The consortium plans to delist InPost from Euronext Amsterdam and acquire full control of the business. It will announce by September 23 whether the offer has been declared unconditional and may open a post-acceptance period for additional shareholders to tender their shares. If its stake remains below 95%, the group intends to pursue a post-closing demerger and liquidation to acquire the entire company; reaching 95% would allow it to squeeze out remaining shareholders.reuters+1

Strategic Rationale

The deal gives FedEx immediate access to one of Europe's largest out-of-home delivery networks, comprising more than 61,000 automated parcel machines and over 33,000 pickup and drop-off locations across nine countries. InPost delivered roughly 1.4 billion parcels in 2025, with volumes quadrupling between 2020 and 2025 as consumers increasingly opted for locker-based delivery over doorstep service.pulse2

The two companies plan to remain operationally independent while entering commercial agreements connecting FedEx's global network of approximately 3 million business customers with InPost's last-mile infrastructure. FedEx has said its portion of the investment was valued at approximately $2.6 billion, to be financed through available cash and existing or new liquidity sources.pulse2