French express parcel firm Geopost acquires 20.15% stake in Dubai’s Aramex

Industry: Logistics 2021-10-21

GeoPost, the express parcel arm of French Groupe La Poste, has acquired a 20.15% stake in Dubai-listed courier firm Aramex, according to a regulatory filing on Wednesday.

The French express logistics firm acquired about 295 million shares in Aramex, valuing the deal at 1.4 billion dirhams ($381.18 million), a filing on the Dubai Financial Market showed.

Source: Reuters.com

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