UAE, 13 January, 2025 : Abu Dhabi’s sovereign wealth fund ADQ, through its subsidiary Q Logistics Holding LLC, has announced a voluntary conditional cash offer to acquire up to 100% of Dubai-listed courier company Aramex.
The offer, which excludes shares already held by Abu Dhabi Ports Co., will see Aramex shareholders receive 3 dirhams ($0.82) per share—a 33% premium on the last share price of AED 2.25 as of January 9, 2025.
ADQ’s subsidiary, Q Logistics, currently holds no shares in Aramex, while Abu Dhabi Ports, 75.42% owned by ADQ, owns 22.69% of Aramex. Aramex’s board is scheduled to discuss the offer on January 15.
Source : www.zawya.comRelated Posts
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