InPost will take over 70 percent. shares in Menzies Distribution Group
According to Sky News, the transaction is expected to be finalized this week. As part of this acquisition, InPost will gain 70 percent. shares in Menzies Distribution Groupthanks to which he will completely take over this British company, because in July last year he purchased 30 percent. shares in Menzies for over €58m (£49.3m).
When InPost acquired part of this British company in July, a clause in the contract guaranteed it the possibility of completely taking over Menzies over the next three years.
Sky News: InPost is one of the most prosperous companies in this industry in all of Europe
InPost is listed on the Amsterdam Stock Exchange. Despite its presence on other markets, the company generates the largest part of its profits in Poland.
Frima Brzoski installs and operates parcel lockers. Sky News assessed it as one of the most prosperous companies in this industry in all of Europe.
InPost’s valuation has increased by approximately USD 9 billion over the last year. The financial success of this company is related to the growing demand for online shopping and, consequently, courier services – explained Sky News.
Another takeover by the Poles
The takeover of Menzies Distribution Group by InPost would be another large takeover by Poles on the British market. At the beginning of September Polish company eSky bought one of the most popular tourist brands in the world – Thomas Cook. This is a famous British brand that has a huge customer base and generates £150 million in revenues annually.
