PPF buys a stake in the Polish company InPost, which operates a network of delivery boxes

Update: 26.05.2023 08:11

Prague – The PPF Group buys from the private equity company Advent International a fifteen percent stake in the Polish company InPost, which operates self-service mailboxes for picking up goods and logistics centers for online stores. With a total share of 16.75 percent, PPF is now the second largest shareholder in InPost, just after Advent International. The deal includes an option for PPF to buy an additional 15 percent of InPost shares from Advent International. PPF spokesman Leoš Rousek told ČTK in a press release.

“With this investment, we have taken a major step towards strengthening the e-commerce industry, in which PPF has been active for a long time. E-commerce belongs to the four basic pillars of the group’s business, alongside financial services, telecommunications and media. As a significant shareholder, we are determined to contribute to international expansion and increasing the value of InPost as one of the most dynamic companies in its sector in Europe,” said Didier Stoessel, Investment Director of the PPF Group.

InPost, whose shares are traded on the Euronext exchange in Amsterdam, was founded in 1999 in Poland. It currently operates in eight other countries of Western Europe – Belgium, France, Italy, Luxembourg, the Netherlands, Portugal, Spain and Great Britain. It operates more than 29,000 delivery boxes for customers of e-shops and builds centers for the storage and distribution of parcels, the services of which it provides to internet merchants.

The PPF Group does business in 25 countries. It invests in a range of industries, from financial services to telecommunications, media, biotechnology, real estate and engineering. PPF operates in Europe, Asia and North America. The group owns assets of 40.1 billion euros and employs 70,000 people worldwide.

Source: České noviny – hlavní události by www.ceskenoviny.cz.

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