French express parcel firm Geopost acquires 20.15% stake in Dubai's Aramex

  • 10/20/2021
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DUBAI (Reuters) - GeoPost, the express parcel arm of French Groupe La Poste, has acquired a 20.15% stake in Dubai-listed courier firm Aramex, according to a regulatory filing on Wednesday. The French express logistics firm acquired about 295 million shares in Aramex, valuing the deal at 1.4 billion dirhams ($381.18 million), a filing on the Dubai Financial Market showed. ($1 = 3.6728 UAE dirham) Reporting by Hadeel Al Sayegh, Editing by Louise Heavens

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