Last Mile Brief 29/05/2023: PPF Group agrees deal to purchase InPost shares from Advent International
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PPF Group has announced it has agreed to acquire 15% of the share capital in InPost S.A. from Advent International.
The €10 per share deal also gives PPF the option to buy a further 15% stake in InPost from Advent.
Commenting on the announcement, Didier Stoessel, Chief Investment Officer of PPF Group, said:
“With this investment, we have taken a major step towards strengthening the e-commerce sector in which PPF has long been active. E-commerce is one of our four main investment pillars, along with financial services, telecommunications, and media. As a major shareholder, we are committed to contributing to the international expansion of, and value generation by, InPost, one of the most dynamic companies in its sector.”