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Poland’s InPost says it is not in takeover talks after shares jump -Breaking

by Mike Robinson

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© Reuters. InPost locker seen in Hackney London, Britain on January 22, 2021. REUTERS/Simon Newman

(Reuters) – InPost, a Polish postal locker operator, said Monday it is not interested in selling the company. This was after InPost’s stock jumped almost 3% following a Bloomberg report that indicated several companies were looking to buy.

It stated that although parties might occasionally approach InPost, its majority shareholder or InPost at times, InPost currently is not engaged in any discussions with these market parties and is unaware of ongoing discussions.

Bloomberg reports late Friday evening that several buyout companies were looking into possible deals, including CVC Capital Partners from Britain and Hellman and Friedman in California. Unnamed sources were cited.

InPost Amsterdam-listed shares rose by more than 30 percent in the early trades, but they still remain at half of what they opened at just over a decade ago.

At 1130 GMT GMT, its stock was up 25%. This is the best single-day performance ever.

The company is 46%-owned by private equity firm Advent International, while A&R Investments holds a further 12% stake.

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