GeoPost/DPDgroup, a subsidiary of the Groupe La Poste, has announced on October 20, 2021, that it has acquired 21.6% of the outstanding share capital of Aramex.
According to GeoPost/DPDgroup the investment was purchased through a combination of direct and open market transactions. The agreement is subject to notification to the competent regulatory authorities.
Boris Winkelmann, Chairman and CEO of GeoPost/DPDgroup, commented: “The investment in Aramex is part of GeoPost’s international development. Aramex is already a key partner of ours. Our two companies have been working together for 10 years, leveraging on GeoPost/DPDgroup’s strong presence in the European parcel delivery market and Aramex’s powerful international network in the Middle East, Asia, Africa and Oceania.”
Source: DPDgroup
