26.10.2021
Artikel Nummer: 38294
Aramex welcomes European stakeholder
It is a connection linking Franc with the Middle East. Geo Post, which is owned by Le Groupe La Poste, has invested in a 20.15% stake in CEP and logistics services provider Aramex. The shares of the Dubai-headquartered company were sold for AED 1.4 billion (USD 380 million).
The partners have already been cooperating for a long time. Geo Post, the parcel delivery branch of Le Groupe La Poste, has been working with Aramex in Europe for more than ten years. The transaction led to a partial boom of Aramex' shares at the stock market.
"Aramex is already a key partner of Geo Post," said Boris Winkelmann, chairman and chief executive of Geo Post/DPD Group. (sh)