Banks circle InPost deal
A group of major lenders is competing to finance a planned takeover and delisting of parcel-locker group InPost from the Amsterdam Stock Exchange, according to Bloomberg. Banks have approached private-equity firm Advent with proposals for up to €4.5 billion in loans and bonds to support the bid. The package would be structured mainly in euros but could include a tranche in Polish zloty.
InPost’s valuation has climbed to about €7 billion (roughly PLN 30 billion) following reports of a takeover offer. Sky News said the suitors include a consortium led by Advent — the same fund that removed InPost from the Warsaw Stock Exchange nine years ago — although the bidder has not been officially named.
Advent holds 6.5% of InPost, while Czech investment group PPF, controlled by the Kellner family, owns 29%. Founder and CEO Rafał Brzoska controls around 12.5%. Other lenders are competing for a role in any financing syndicate. (145 words)