A subsidiary of the Abu Dhabi’s sovereign wealth fund ADQ has announced its intention to make a voluntary conditional cash offer to acquire up to 100% of the issued and paid-up share capital of Dubai-listed courier firm Aramex that is not already held by Abu Dhabi Ports Co.
The offer will be launched via Q Logistics Holding, a unit of ADQ. It has no shares in Aramex while Abu Dhabi Ports, which is itself 75.42% owned by ADQ owns 22.69% of the shares in Aramex.
