InPost will decide whether to accelerate purchase of shares in Menzies by end of ‘24
Amsterdam-listed parcel locker operator InPost will decide by the end of 2024 whether to accelerate its share buyback in Menzies, the company's CEO Rafal Brzoska said during a conference call with the media.
In July 2023, InPost Group acquired a 30 percent stake and voting rights in Menzies Distribution Group Limited, a logistics company operating in the UK and Ireland markets, for GBP 49.3 million.
As part of the transaction, InPost also secured a three-year option to acquire the remaining 70 percent stake in Menzies.
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