Parcel logistics of Austrian Post plans to build a bridge to Turkey
Austrian Post entered exclusive negotiations about the acquisition of a stake in the Turkish parcel service provider Aras Kargo
Austrian Post and the owners of the Turkish parcel service provider Aras Kargo signed an exclusive negotiation agreement on talks relating to Austrian Post’s potential acquisition of a minority stake in the company. Austrian Post and the owners of the Turkish parcel service provider Aras Kargo signed an exclusive negotiation agreement effective April 15, 2013 on talks relating to Austrian Post’s potential acquisition of a minority stake. 80 per cent of Aras Kargo is currently in the hands of the Aras family, and 20 per cent of the shares are owned by the publicly traded Turkish private equity company Is Girisim. It was agreed to maintain confidentiality on further details pertaining to the ongoing negotiations.
Aras Kargo is one of the leading Turkish parcel service providers with annual revenue of approximately EUR 250 million and about 46 million parcels and 32 million documents per year. The company has a nationwide network consisting of about 800 shops, 28 distribution centres and 2,600 delivery vehicles, and employs a work force of about 9,000 people.
Quelle: LogEastics
Portal: www.logistik-express.com