InPost takeover moves closer as consortium secures majority of shares

The takeover of one of Europe’s largest e-commerce logistics operators has moved to its next stage. According to an InPost announcement reported by PAP Biznes, the bidders and the company confirmed that the offer conditions had been met. The initial acceptance period closed on 18 September 2026, with the result well above the minimum level required to proceed. The remaining questions concern the final shareholder structure and whether InPost will be delisted from the Amsterdam exchange.

InPost takeover offer becomes unconditional

Advent, FedEx, A&BR and PPF announced an offer in May to acquire all InPost shares. Completion was conditional on shareholders tendering at least 80% of the company’s share capital.

By the end of the initial acceptance period on 18 September 2026, shareholders had tendered shares representing 89.81% of InPost’s share capital. As the offer conditions had been met, the bidders and InPost declared the offer unconditional. Settlement is scheduled for 30 September 2026.

The process is not yet complete. Shareholders who have not accepted the offer can still tender their shares until 17:40 Central European Summer Time on 7 October 2026. The results of this additional acceptance period are expected no later than the third business day after it ends.

Consortium values InPost at €7.8bn

The consortium is offering shareholders €15.60 per InPost share. Based on all issued and publicly traded shares, this values the company at €7.8bn.

The offer price represents a substantial premium to InPost’s previous market valuation:

The original deadline for accepting the offer was 27 July 2026. It was later extended to 18 September 2026 because antitrust proceedings were still ongoing.

Will InPost leave Amsterdam? The 95% threshold is key

Although the consortium has secured enough support to complete the offer, the next stage will depend on the final number of shares it controls.

The critical threshold is 95% of InPost’s share capital. The Amsterdam exchange has conditionally approved the company’s delisting, effective 23 October 2026. For the delisting to proceed, the bidders must hold at least 95% of InPost’s shares.

A second scenario would apply if the consortium ends up with more than 80% but less than 95% of the company’s shares.

In that case, the remaining shares are expected to be subject to a compulsory buyout, known as a squeeze-out. This mechanism enables a majority shareholder to force the purchase of shares held by minority investors.

The outcome will ultimately depend on how many additional shareholders accept the offer before the extended deadline.

Rafał Brzoska to remain InPost CEO, with operations staying in Poland

The change in ownership is not expected to alter InPost’s operating model. In line with earlier commitments, the consortium has said InPost will retain its operational independence, while its main operating headquarters and key management team remain in Poland.

Rafał Brzoska will remain CEO and continue to lead the group. The investors have also said they intend to support InPost’s further growth.

Once the offer has settled, changes to the supervisory board approved by InPost’s general meeting on 29 June 2026 will also take effect.

InPost currently operates across nine European markets: Poland, the United Kingdom, France, Italy, Spain, Portugal, Belgium, Luxembourg and the Netherlands. Its business includes courier services and e-commerce logistics solutions, including a network of self-service Paczkomat parcel lockers for sending and collecting shipments.

The coming weeks will determine whether the takeover also results in InPost leaving the Amsterdam exchange. The current level of support allows the consortium to settle the transaction, but the planned delisting on 23 October 2026 remains conditional on reaching the required ownership level.