Abu Dhabi’s ADQ for voluntary takeover of Aramex, aiming to acquire all outstanding shares in the Dubai-listed courier company. Aramex stated in a bourse filing, the proposed offer of US$0.82 (Dhs3) per share represents a 33 per cent premium over Aramex’s recent closing price. “Aramex has been notified by Q Logistics Holding, a wholly owned indirect subsidiary of ADQ, of its intention to submit a voluntary conditional cash offer to acquire all of its outstanding shares,” it added. AD Ports Group, an ADQ entity, currently holds a 22.7per cent stake in Aramex. The logistics firm recently reported a 177 per cent year-on-year surge in Q3 2024 net profit to Dhs27 million, with revenue rising 18 per cent to Dhs1.59 billion. The acquisition bid focuses on expanding its logistics portfolio.
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