CAIRO: GeoPost, the French parcel delivery company, has acquired 20 percent of the UAE"s Aramex for a AED1.4 billion ($381.1 million), according to the Dubai Financial Market statement. The deal was signed off on Wednesday, today, with 295 million shares trading at a price of 4.77 dirhams per share. Aramex"s revenues increased during the second quarter of 2021 by 21 percent to reach AED1.571 million, compared to AED1.294 million during the same period last year. GeoPost, owned by France’s Le Groupe La Poste powerful system, delivered 1.9 billion parcels worldwide during 2020, according to the company"s website.