LONDON: PayPoint Plc and International Distribution Services (IDS), owner of Royal Mail, announced the next stage in their partnership through a strategic investment in Collect+ to take a 49% ownership, with an investment of £43.9 million, valuing the Collect+ business at £90 million. Currently, Collect+ has a network of over 14,000 Out of Home locations…
AMSTERDAM: InPost Group, Europe’s leading out-of-home e-commerce logistics provider, reported a 35% year-on-year jump in second-quarter revenue to PLN 3.5 billion, driven by rapid international expansion and the integration of UK-based Yodel. Parcel volumes rose 23% to 324 million, with the UK segment surging 177% year-on-year. Adjusted EBITDA climbed 13% to PLN 1.0 billion, with…
LONDON: Warehouse REIT plc has agreed to a recommended cash acquisition by Wapping Bidco Ltd, a newly formed company backed by investment funds advised by affiliates of Blackstone Inc., in a deal valuing the real estate investment trust at approximately £470 million ($600 million). Under the terms of the deal, announced Wednesday, shareholders of Warehouse REIT…