Stock Markets February 9, 2026

FedEx, Advent-Led Consortium Offers €7.79 Billion for InPost in Deal Backed by Board

Agreement would keep InPost headquartered in Poland with founder Rafat Brzoska remaining as CEO; takeover expected to close in second half of 2026

By Priya Menon FDX
FedEx, Advent-Led Consortium Offers €7.79 Billion for InPost in Deal Backed by Board
FDX

A group led by FedEx and private equity firm Advent has submitted a binding offer of €15.60 per share to acquire Polish parcel locker operator InPost for about €7.79 billion ($9.22 billion). The consortium's proposal values InPost at a 17.3% premium to the company's most recent Amsterdam close and has received the recommendation of InPost's board, with at least 48% shareholder support reported. The firm will retain its brand and headquarters in Poland, with plans for post-deal commercial agreements with FedEx and continued expansion across Europe.

Key Points

  • Consortium led by FedEx and private equity firm Advent offered €15.60 per share for InPost, valuing the company at about €7.79 billion ($9.22 billion).
  • The offer represents a 17.3% premium to InPost's last close in Amsterdam and has been recommended by InPost's board, with at least 48% shareholder support.
  • InPost will retain its brand and Polish headquarters, with founder and CEO Rafat Brzoska remaining in charge; the deal includes planned commercial agreements with FedEx and targets further European expansion.

A consortium headed by FedEx Corporation and private equity firm Advent has put forward an offer to buy InPost SA for approximately €7.79 billion, the companies said in a joint release. The proposed price is €15.60 per InPost share, which equates to a roughly 17.3% premium over the firm's last closing price in Amsterdam.

InPost's board has recommended the transaction to shareholders, and the company indicated that at least 48% of its shareholders have expressed support for the proposal. Under the terms outlined by the parties, InPost would continue to operate under its existing brand and would keep its headquarters in Poland. Founder and CEO Rafat Brzoska is expected to remain in his current leadership role following completion of the deal.

The consortium said the acquisition would support InPost's plan to expand further across Europe amid ongoing growth in e-commerce. The announcement also includes a provision for InPost to enter into commercial agreements with FedEx after the transaction closes. The parties anticipate concluding the takeover in the second half of 2026.

The bidders were publicly identified after InPost disclosed that it had received a takeover proposal about a month earlier, without naming the prospective buyers at that time. Reports had suggested Advent was among interested parties prior to the joint statement confirming the current offer.

The offer values InPost at approximately $9.22 billion when converted from the euro figure cited by the consortium. The combination of a cash price per share and the premium to the recent market close formed the basis for the board's recommendation to shareholders, according to the companies' joint statement.

Key elements spelled out in the announcement include the target's continued operation as a distinct brand, retention of its Polish headquarters, sustained leadership by its founder and CEO, and planned commercial ties with FedEx. The consortium framed the acquisition as a move to accelerate InPost's European expansion strategy in the context of an expanding e-commerce market.

Beyond those specifics, the public statement did not provide additional terms, financing arrangements, or detailed timelines beyond the expectation of a second half 2026 closing. Shareholder support was quantified as at least 48% in favor, but the announcement did not disclose the identities of individual shareholders who have signaled support.


Summary

The FedEx and Advent-led group has offered €15.60 per share to buy InPost, valuing the company at about €7.79 billion. The InPost board has recommended the offer and reported at least 48% shareholder backing. The plan preserves InPost's brand, Polish headquarters, and CEO Rafat Brzoska, and envisages commercial agreements with FedEx and further European expansion. The takeover is expected to close in the second half of 2026.

Risks

  • Completion timing - The takeover is expected to conclude in the second half of 2026, but no detailed timeline or closing conditions were provided.
  • Shareholder approval - While at least 48% of shareholders have supported the offer, the announcement did not confirm total shareholder acceptance required to close the deal.
  • Limited disclosed terms - The joint statement did not specify financing arrangements or other transaction terms that could affect execution and integration.

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