The financial group GFH Financial Group announced the completion of the acquisition of a 9.7% stake in the largest logistics operator in the MEA region, Aramex. This deal makes GFH the second-largest shareholder in Aramex.
During the acquisition, more than 103.4 million shares of Aramex were purchased, which is valued at more than 150 million US dollars. It is expected that this purchase will strengthen the strategic partnership between GFH and Aramex, allowing both companies to leverage synergies and develop joint projects.
"The acquisition of a stake in Aramex is an important step for us and reflects our investment strategy in companies with outstanding performance indicators and growth potential," noted the main spokesperson of GFH Financial Group.
