ADQ acquires 63.16% 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% of shares when combined with the shareholding held by AD Ports Group, in which ADQ holds a majority stake.

Read the original article in Khaleej Times: ADQ completes acquisition of majority stake in Aramex