Latest news with #Aramex
Al Etihad
2 days ago
- Business
- Al Etihad
ADQ completes acquisition of majority stake in Aramex
27 July 2025 20:32 A. SREENIVASA REDDY (ABU DHABI)ADQ, an active sovereign investor focused on critical infrastructure and global supply chains, has completed the acquisition of a majority stake in a statement, ADQ said the voluntary tender offer for Aramex, submitted by its wholly owned indirect subsidiary Q Logistics Holding, has become will now become the majority shareholder in Aramex, with a 63.16% stake when combined with the shareholding held by AD Ports Group, in which ADQ holds a majority latest acquisition is confirmed by the Dubai Financial Market's data shows Q Logistics Holding holds 40.4492%, GeoPost SA 28%, and Abu Dhabi Ports Company 22.69%. The remaining 8.9% is held possibly by retail investors and smaller had initially aimed to acquire 100% of Aramex and potentially delist the company from the Dubai Financial Market. However, it secured voluntary acceptance from only 40.44% of shareholders. An FAQ published at the time of the offer stated, 'If you decide not to participate in the offer, you will be entitled to keep your shares. To the extent the offeror obtains 90% plus 1 share of the total share capital of Aramex, then the offeror is entitled to apply for the compulsory acquisition of the remaining securities held by minority shareholders.' As this threshold was not met, several shareholders, including GeoPost SA, which holds 28%, retained their a subsidiary of France's La Poste, became a shareholder in Aramex in 2021, initially acquiring a 24.9% stake and later increasing it to 28% in 2022, according to information available on Aramex's website.Q Logistics announced its intention to acquire up to 100% of Aramex shares not held by Abu Dhabi Ports on January 13, 2025. The Securities and Commodities Authority approved the offer document on February 9, and Aramex disclosed its receipt to the market the following February 11, Aramex's board reviewed the offer and HSBC's fairness opinion, which deemed the offer financially fair, and recommended that shareholders accept. A formal circular with these details was published on February 13. The offer was priced at Dh3 per share and open for acceptance from February 10 to March March 28, Aramex announced it had received final confirmation from ADQ that Q Logistics had secured acceptances amounting to 40.57%. When combined with the 22.69% held by AD Ports, this brought ADQ's total effective ownership to 63.26%, exceeding the minimum threshold set by SCA's Mergers and Acquisitions Rules. The offer became unconditional on July 22, 2025, following receipt of all regulatory approvals and said Aramex will be integrated into its Transport & Logistics cluster, reinforcing Abu Dhabi's position as a global logistics hub. With operations in over 65 countries and significant warehousing and trucking capacity, Aramex is expected to strengthen ADQ's multimodal logistics platform. ADQ Deputy Group CEO, Mansour AlMulla, said, 'ADQ's majority shareholding in Aramex marks a strategic step toward advancing our vision to build a globally integrated logistics platform anchored in the UAE. Aramex brings strong capabilities and operational depth that complement our existing investments across air, sea, and land infrastructure. Its addition enhances the services layer of the logistics value chain and supports the development of end-to-end trade and supply chain solutions. We believe Aramex is well-positioned to unlock long-term value through greater integration with ADQ's broader portfolio, and we are confident in its ability to deliver sustainable growth.'
Zawya
6 days ago
- Business
- Zawya
ADQ acquires majority stake in top logistics group Aramex
ADQ, an active sovereign investor focused on critical infrastructure and global supply chains based in Abu Dhabi, has completed the acquisition of a majority stake in leading logistics group Aramex, thus increasing its shareholding in the company to 63.16% when combined with the shareholding held by AD Ports Group, in which ADQ holds a majority stake. Voluntary tender offer for Aramex submitted by its wholly owned indirect subsidiary Q Logistics Holding has become unconditional following receipt of all required regulatory and internal approvals, it stated. ADQ said the acquisition of a controlling stake in Aramex strengthens its position in the services layer of the logistics ecosystem, which includes express delivery, freight forwarding, third-party logistics, and warehousing. These functions are critical to enabling seamless trade flows and linking transport infrastructure to end users. This follows the receipt of all required antitrust and foreign direct investment regulatory approvals, as well as statutory exemptions and waivers from relevant governmental authorities within and outside the UAE, along with the satisfaction (or waiver) of all other conditions to the offer, it stated. With operations in over 65 countries, a leading trucking network in the GCC, and 800,000 sqm of global warehousing, Aramex brings scale, capabilities, and geographic reach. Its integration into ADQ's portfolio accelerates the development of a fully integrated, multimodal logistics platform that supports regional trade and economic growth, it added. Mansour AlMulla, Deputy Group Chief Executive Officer of ADQ, said: "ADQ's majority shareholding in Aramex marks a strategic step toward advancing our vision to build a globally integrated logistics platform anchored in the UAE." "Aramex brings strong capabilities and operational depth that complement our existing investments across air, sea, and land infrastructure. Its addition enhances the services layer of the logistics value chain and supports the development of end-to-end trade and supply chain solutions. We believe Aramex is well positioned to unlock long-term value through greater integration with ADQ's broader portfolio, and we are confident in its ability to deliver sustainable growth," he noted. Aramex will become part of ADQ's Transport & Logistics cluster, which plays a central role in advancing multimodal connectivity and reinforcing Abu Dhabi's position as a global transport and logistics hub, he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Khaleej Times
7 days ago
- Business
- Khaleej Times
ADQ completes acquisition of majority stake in Aramex
ADQ, an active sovereign investor focused on critical infrastructure and global supply chains, announced on Tuesday that it has completed its acquisition of logistics provider Aramex. Adq said in a statement that the voluntary tender offer for Aramex, submitted by its wholly owned indirect subsidiary Q Logistics Holding LLC, has become unconditional. ADQ will now become the majority shareholder in Aramex, with an ownership of 63.16 per cent of shares when combined with the shareholding held by AD Ports Group, in which ADQ holds a majority stake. This follows the receipt of all required antitrust and foreign direct investment regulatory approvals, as well as statutory exemptions and waivers from relevant governmental authorities within and outside the UAE, along with the satisfaction (or waiver) of all other conditions to the offer. The acquisition of a controlling stake in Aramex strengthens ADQ's position in the services layer of the logistics ecosystem, which includes express delivery, freight forwarding, third-party logistics, and warehousing. These functions are critical to enabling seamless trade flows and linking transport infrastructure to end users. With operations in over 65 countries, a leading trucking network in the GCC, and 800,000 sqm of global warehousing, Aramex brings scale, capabilities, and geographic reach. Its integration into ADQ's portfolio accelerates the development of a fully integrated, multimodal logistics platform that supports regional trade and economic growth. Mansour AlMulla, Deputy Group Chief Executive Officer of ADQ, commented: 'ADQ's majority shareholding in Aramex marks a strategic step toward advancing our vision to build a globally integrated logistics platform anchored in the UAE. Aramex brings strong capabilities and operational depth that complement our existing investments across air, sea, and land infrastructure. Its addition enhances the services layer of the logistics value chain and supports the development of end-to-end trade and supply chain solutions. We believe Aramex is well positioned to unlock long-term value through greater integration with ADQ's broader portfolio, and we are confident in its ability to deliver sustainable growth.' Aramex will become part of ADQ's Transport & Logistics cluster, which plays a central role in advancing multimodal connectivity and reinforcing Abu Dhabi's position as a global transport and logistics hub. The payment of consideration to Aramex Shareholders is to take place on July 25, and Aramex Shares will be registered in the name of Q Logistics Holding LLC the same day.
Yemen Online
7 days ago
- Business
- Yemen Online
ADQ Finalizes Acquisition of Majority Stake in Aramex, Expanding Logistics Footprint
Abu Dhabi's sovereign investor ADQ has officially completed its acquisition of a majority stake in Dubai-listed logistics firm Aramex, marking a strategic milestone in the UAE's push to build a globally integrated transport and logistics platform. The deal, executed through ADQ's wholly owned subsidiary Q Logistics Holding LLC, brings ADQ's total ownership in Aramex to 63.16%, including shares held via AD Ports Group. The acquisition follows the successful completion of a voluntary tender offer and the receipt of all necessary antitrust and foreign direct investment approvals from authorities within and outside the UAE. Aramex will now be integrated into ADQ's Transport & Logistics cluster, joining a portfolio that includes AD Ports Group, Etihad Rail, and Abu Dhabi Airports. With operations in over 65 countries, a leading trucking network across the GCC, and 800,000 square meters of global warehousing, Aramex adds significant scale and operational depth to ADQ's logistics ecosystem. The move is expected to accelerate the development of a multimodal logistics platform that supports regional trade and enhances Abu Dhabi's position as a global logistics hub. Mansour AlMulla, Deputy Group CEO of ADQ, stated: 'Aramex brings strong capabilities that complement our existing investments across air, sea, and land infrastructure. We believe it is well positioned to unlock long-term value through greater integration with ADQ's broader portfolio.'
Arabian Business
7 days ago
- Business
- Arabian Business
ADQ's voluntary tender offer for Aramex becomes unconditional
The voluntary tender offer by Q Logistics Holding, a wholly-owned indirect subsidiary of Abu Dhabi's ADQ, to acquire 100 per cent of the issued and paid-up share capital of Aramex, has become unconditional from Tuesday, 22 nd July. Q Logistics Holding said that it has now received all required antitrust and foreign direct investment regulatory and statutory approvals, exemptions and waivers from relevant governmental authorities within and outside of the UAE. ADQ subsidiary completes Aramex acquisition deal All other conditions of the Offer Document have now been satisfied or waived in accordance with the requirements set out in the document, which was published on 10 th February. It is expected that payment of consideration to Aramex Shareholders and the registration of the Aramex Shares in the name of Q Logistics Holdings will take place on 25 July. Post 25 July, all Aramex shares will be registered in the name of Q Logistics Holding LLC. On 13 January this year, Q Logistics Holding had announced its intention to acquire up to 100 per cent of Aramex's issued and paid-up ordinary shares, not already held by Abu Dhabi Ports Company. On 9 February, Aramex received the SCA-approved offer document from Q Logistics. Its Board of Directors convened on 11 February, considered the offer to be fair from a financial perspective for its shareholders, and approved it for recommendation. Under the terms, shareholders of Aramex who accepted the offer were entitled to receive AED 3 in cash for each of their shares. Q Logistics Holding obtained acceptances representing 40.57 per cent of Aramex shares. Abu Dhabi Ports Company owns 22.69 per cent shares. The aggregate acceptances, together with the shareholding of AD Ports Group, amounted to 63.26 per cent of shares, which exceeded the minimum acceptance conditions for the offer.
