The French company GeoPost acquired 20% of the UAE company Aramex, at a value of 1.4 billion dirhams.
According to Arabiya Net, GeoPost purchased the stake in Aramex on the Dubai Financial Market, through a private deal in what is known as large direct deals.
The deal included 295 million shares at a price of 4.77 dirhams per share, according to Dubai Financial Market data.
GeoPost is a holding company owned by Le Groupe La Poste, and thanks to its brands DPD, Chronopost and SEUR in Spain and BRT in Italy, GeoPost / DPDgroup has expanded into the international market and has become a leading network of parcel delivery in Europe.
A powerful system that enables GeoPost / DPDgroup to deliver 7.5 million parcels per day, or 1.9 billion parcels, worldwide during 2020, according to Al Arabiya Net. From the group's website.
On the other hand, last September, three sources told Reuters that the Dubai Financial Market-listed Aramex is in talks to buy the Turkish delivery company MNG Cargo. .The shipping company, Aramex, is in an advanced stage of talks to buy the Turkish delivery company MNG Cargo, with a value of up to $500 million, the sources added. /p>
One source stated that the talks are at an advanced stage, and a second source said that Aramex is conducting a technical examination due to due diligence.
Aramex's revenues increased during the second quarter of 2021 by 21% to reach 1.571 million dirhams, compared to 1.294 million dirhams during the same period last year.< /p>
