Czech group PPF sells InPost stake to Advent International and FedEx

The European Commission has approved a deal that changes the main owners of Polish logistics giant InPost — the company founded in 2006 by entrepreneur Rafał Brzoska. Control of the business is passing to a consortium of investors, Advent International and FedEx, while PPF, which had become InPost’s largest shareholder, is selling most of its stake at a sizeable profit.

Once the deal closes, Advent International and FedEx will each hold 37% of the company. Brzoska himself, through his holding vehicle A&R, will retain 16%, while PPF — instead of its previous large stake — will keep 10%, reinvesting part of the proceeds back into the business.

PPF first bought into InPost in May 2023 and gradually increased its holding, eventually becoming the logistics company’s main shareholder. Now, under the new agreement transferring control to the consortium, the Czech investment group has decided to lock in its profit by selling most of its stake — without exiting the project entirely.

The European Commission examined the deal from an antitrust standpoint and found no serious risks to competition — mainly because customers of logistics services typically use the services of several operators at once. “The notified transaction does not raise competition concerns, given its limited impact on the markets in which the companies operate,” the regulator said in its statement.

InPost, which Brzoska founded in 2006, has long outgrown the Polish market and now operates in nine European countries, including France, the United Kingdom and the Netherlands. The company runs a vast network of automated parcel lockers that let customers collect packages at almost any hour. Last year, InPost’s turnover came to roughly CZK 90 billion.

By the Around Prague newsroom