Abu Dhabi’s sovereign investor, ADQ, has secured a 63.26% stake in Dubai-listed courier firm Aramex through a voluntary conditional cash offer via its subsidiary, Q Logistics Holding. This acquisition includes a 40.57% acceptance from Aramex shareholders and a prior 22.69% stake held through Abu Dhabi Ports Group, in which ADQ owns a 75.42% interest.
The offer was priced at Dh3 ($0.82) per share, valuing Aramex at approximately Dh4.39 billion. Following the announcement, Aramex shares rose 1.81% on the Dubai Financial Market, closing at Dh2.82.
ADQ’s interest in Aramex aligns with its strategy to enhance its transport and logistics portfolio, which includes assets like Abu Dhabi Ports Company, Etihad Airways, Abu Dhabi Airports Company, Etihad Rail Company, Wizz Air Abu Dhabi, Q Mobility, and Abu Dhabi Aviation.
GeoPost SA, owned by France’s state-owned postal service La Poste, maintains a 28% stake in Aramex. GeoPost acquired a 20.15% stake in Aramex in October 2021 for Dh1.4 billion, amounting to 295 million shares.
This acquisition underscores ADQ’s commitment to bolstering its logistics capabilities and expanding its footprint in the regional transport sector.
