althoughInformation that News was able to obtain indicates that InPost is in negotiations to buy the 70% of Menzies that it currently does not own.
According to sources, a deal was expected to be revealed this week, albeit the exact amount could not be determined on Monday.
In July of last year, InPost, which has its headquarters in Luxembourg but makes the majority of its profits in Poland, paid £49.3 million to acquire a 30% stake in Menzies.
As part of that agreement, it might purchase the remaining business at any time during the following three years.
The private equity firm Endless, located in Leeds, is one of the other shareholders in Menzies.
Over the past 12 months, InPost, which is listed in Amsterdam, has seen its worth climb to about €9 billion due to growing demand.
Not long after, it became one of the biggest ‘last-mile solutions’ operators in Europe.
In early 2021, the private equity firm Advent International went public with InPost.
