A widely known company for cargo delivery, Aramex, presented a new statement regarding the announcement of the logistics company Q-Logistics (part of ADQ Logistics) about its intention to make a cash offer for a conditional voluntary purchase...
According to Aramex, they received a letter from Q-Logistics expressing the desire to make a voluntary cash offer for available assets. In its statement, Aramex noted that the assessment of the assets indicated in the letter from Q-Logistics did not sufficiently reflect the rapid changes in the market and their potential productive plan.
Aramex also expressed doubts about Q-Logistics’s ability to provide the necessary financing for the realization of its plans. In its statement, the company emphasized its intent to protect investors' interests and obligations to shareholders.
