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InPost parcel lockers to be acquired by Advent for a 3.5% stake

Bookrunners reported on Tuesday that a company controlled by Advent International, a private equity firm, had offered institutional investors an approximately 3.5% stake in the parcel locker firm InPost.

AI Prime & Cy S.C.A., a company owned by Advent. InPost offered 17.5 millions shares through an accelerated placement at 13.25 euros per share. This represents a discount by 6% from Monday's closing prices of 14.1 euro in Amsterdam.

The bookrunner stated that once the placement is completed, AI Prime will hold a stake of around 6,5% in InPost.

In September 2024, the company sold a 4% stake to InPost at 17 euros per share.

Advent bought the majority of InPost's shares in 2017. It was its largest shareholder up until it sold a portion to Czech investment company PPF Group. According to InPost, PPF is the owner of 28.75% of the parcel company.

InPost, under Advent, has built a dominant position in Poland in the last few years, with automated parcel lockers scattered around towns and cities, and increased its international expansion.

InPost shares have fallen by around 15% this year as a result of concerns that its biggest customer Allegro will become less dependent on InPost to deliver goods. Reporting by Anna Pruchnicka, Gdansk; editing by Milla Nissi-Prussak.

(source: Reuters)