Luxembourg-headquartered e-commerce parcel company InPost said it has received an indicative proposal regarding a potential acquisition of all the shares in the logistics firm primarily operated from Poland, sending its stock up 20% on Tuesday.
The company said it made the announcement to the Luxembourg Stock Exchange “in view of the recent share price and trading volume development.” The stock, which trades in Amsterdam, rose more than 11% on Monday but remains around a fifth lower than in the past year.
In a stock exchange filing on Tuesday, InPost said it has formed a special committee that will carefully consider all aspects of a potential transaction. The company did not disclose any details around bidder or price.
Also read:LuxSE sees record new listings in a single year
There is no assurance that this will lead to a transaction, InPost said in the filing.
InPost has a market capitalisation of around €5.8 billion and operates automated parcel lockers and to-door deliveries with its main markets in Poland, France and the UK.
It has plans this year to expand its 10 Luxembourg parcel machines dotted from Mertert to Mersch and Kirchberg to Foetz and operating under the Mondial Relay brand, InPost spokespersons told the Luxembourg Times.
Also read:Roth says state shareholdings are not financial investments
Corporate parent company InPost S.A. had three employees in Luxembourg in 2024 and a Luxembourg subsidiary had another 224 staff, although their location among the company’s 10,000 total workers were not described in annual accounts filed in the Grand Duchy in July.
The company’s biggest shareholder is Czech investment firm PPF Group NV, while InPost’s founder and chief executive officer, Polish billionaire Rafal Brzoska, owns a 12.49% stake.
(With additional reporting by Emery P. Dalesio)