Aramex has said that it has recently entered discussions to potentially acquire Turkey-based MNG Kargo. Discussions are still in their early stages as the company is conducting its initial evaluation. The company’s final decision to acquire MNG Kargo is subject to satisfactory findings of the due diligence process, in addition to the company’s senior management and board of directors’ approval.
Aramex added that it will disclose all updates related to this transaction as soon as they become available, in compliance with the rules and regulations of the Dubai Financial Market and the disclosure and transparency rules. Abu Dhabi-based holding company ADQ acquired approximately 22 per cent of the issued share capital of Aramex last year.