Advent, FedEx-Led Group Agrees €7.8 Billion InPost Buyout
Investors led by buyout firm Advent International LP and FedEx Corp. are seeking to buy Polish parcel-locker company InPost SA in a deal that values the business at €7.8 billion ($9.3 billion).
The consortium will begin a public offer at €15.60 a share in cash, according to a statement Monday. The price is 50% above where the shares traded Jan. 2, just before InPost said it had received an indicative proposal from an undisclosed party, sparking a rally in its Amsterdam-listed shares. The latest announcement extended those gains, with InPost climbing as much as 14% to €15.20.