Translated version of this PSD: Polish
EBRD is considering an equity investment in InPost S.A. (the “company” or “InPost”) by participating in its initial public offering (IPO) on the Warsaw Stock Exchange (WSE) through the subscription to existing shares offered by the current shareholder Integer Inwestycje sp. z o.o, an entity controlled by Integer.pl capital group.
The Bank’s participation is expected to improve the company’s corporate governance and support energy efficiency initiatives. In accordance with the prospectus, the IPO proceeds are expected to be appropriated for further development of an automated parcel machines network by Integer.pl capital group.
The main transition rationale for EBRD’s involvement is to:
- Promote private sector participation in Poland’s postal market liberalised in 2013;
- Demonstrate the transformation of postal business to function in the digital economy; and
- Set standards for corporate governance and business conduct.
InPost is the largest private postal operator in Poland and the main competitor to the incumbent operator Polish Post. In 2014, the company delivered 290 million items and generated PLN 456 million revenues.
Subscription to the existing shares offered by Integer Inwestycje sp. z o.o.
The total project value amount will be determined at the time of the stock market listing.
Environmental and social categorisation, impact, and mitigation
Classified category B
Environmental, health and safety and social (EHSS) impacts associated with this project are considered to be typical for the transport service sector. Environmental and Social Due Diligence (ESDD) was completed in-house and included a review of the Company’s current operational activities, policies, procedures and EHSS risk management structure, permitting status and compliance, and the Company’s overall capacity to implement the Bank's Performance Requirements. The ESD identified that potential adverse effects are readily addressed through mitigation and are associated primarily with traffic safety and management, labour conditions, resource efficiency and social aspects. ESD developed an ESAP to address the issues identified during the ESDD, which included but not limited to
(i) implementation of ISO 14001
(ii) overall traffic safety improvements through implementation of ISO 39001 management system
(iii) enhanced stakeholder engagement and
(iv) sustainability measures targeted at reduced fuel consumption.
ul. Malborska 130
Tel.: + 48 (12) 619 98 00
Fax: + 48 (12) 619 98 01
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP