Takeover of InPost with a negative rating from Fitch. Indicates the main reason


A group of investors, including Advent International, FedEx (via FCWB), A&R Investments and PPF Group, announced the acquisition of all shares of InPost for a price of EUR 15.60 per share. The total value of the transaction is EUR 7.8 billion and its completion is planned for the second half of 2026.
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InPost with a negative rating from Fitch
One of the three largest rating agencies in the world, Following this information, Fitch placed InPost's ratings on the watch list with a negative rating (so-called Rating Watch Negative – RWN).
“We expect that the acquisition will lead to a significant increase in InPost's financial leverage and a downgrade of the rating by several notches“- we read in Fitch's announcement.
See also: InPost sold. Rafał Brzoska comments
The Agency will terminate the RWN upon confirmation of the post-transaction capital structure, regulatory approvals and completion of the transaction or upon confirmation that the transaction will not proceed.
It added that the RWN could take over six months to resolve based on the planned timeline, including the planned tender period and required approvals.
Fitch included the following ratings of InPost on the watch list with a negative indication: long-term IDR rating in foreign and local currency at the level of “BB+” and rating of unsecured senior liabilities at the level of “BB+” with recoverability rating of “RR4” in the Rating Watch Negative (RWN) category.
InPost will remain independent after the takeover
“The InPost Group will retain its operational independence and its current business profile. The company's operational headquarters and key management staff will remain in Poland, and the consortium members will actively support the further development of InPost” – declared the consortium.
See also: InPost sold. Who are the new owners? One may surprise you
Currently, the main shareholders of InPost are: PPF Group (28.75%), A&R Investments, the investment vehicle of Rafał Brzoska (12.49%), Advent International Corporation (6.50%) and Norges Bank (5.01%). Below the 5 percent threshold. InPost's share packages include, among others, a number of Polish investment funds.




