PPF acquires stake in Polish company InPost, which operates a network of delivery boxes
PPF Group is buying a 15 percent stake in InPost, a Polish company that operates self-service pick-up boxes and logistics centres for online shops, from private equity firm Advent International. With a total stake of 16.75 per cent, PPF is now the second largest shareholder in InPost after Advent International. The agreement includes an option for PPF to purchase an additional 15 percent of InPost shares from Advent International, announced PPF spokesman Leoš Rousek.
"With this investment, we have taken a major step towards strengthening the e-commerce sector in which PPF has long been active. E-commerce is one of the four core pillars of the Group's business, alongside financial services, telecommunications and media. As a major shareholder, we are committed to contributing to the international expansion and value growth of InPost as one of the most dynamic companies in its sector in Europe," said Didier Stoessel, PPF Group's Chief Investment Officer.
InPost, which is listed on Euronext Amsterdam, was founded in 1999 in Poland. It currently operates in eight other Western European countries - Belgium, France, Italy, Luxembourg, the Netherlands, Portugal, Spain and the UK. It operates more than 29,000 drop boxes for e-commerce customers and builds warehousing and parcel distribution centres to provide services to online retailers.
PPF Group operates in 25 countries. It invests in a range of sectors, from financial services to telecommunications, media, biotechnology, real estate and engineering. PPF operates in Europe, Asia and North America. The Group has assets of EUR 40.1 billion and employs 70,000 people worldwide.
Source: PPF Group and CTK