The company "ADK" announced the successful conditional cash offer for the acquisition presented by its subsidiary Kyu Logistics Holding (Kyu Logistics) for the purchase of Aramex...
Under the terms of this offer, Kyu Logistics acquired 9,846,175 shares of Aramex, representing approximately 8.55% of its total capital. The total value of this transaction is estimated at 131.6 million dollars.
Moreover, ADQ representatives stated that Kyu Logistics plans to acquire another 10% of Aramex shares. As a result of the successful completion of the transaction, Kyu Logistics will become the third-largest shareholder of Aramex.
The announcement of this transaction will help establish new strategic relationships between the companies and provide an opportunity to develop collaboration in the future. Additionally, ADQ will continue to actively invest in the logistics sector, aiming to strengthen its position in this area.
