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ADQ completes acquisition of majority stake in Aramex
ADQ completes acquisition of majority stake in Aramex

Al Etihad

time27-07-2025

  • 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.'

ADQ acquires 63.26% shares in Aramex in takeover bid
ADQ acquires 63.26% shares in Aramex in takeover bid

Al Etihad

time31-03-2025

  • Business
  • Al Etihad

ADQ acquires 63.26% shares in Aramex in takeover bid

31 Mar 2025 09:47 REDDY (ABU DHABI)ADQ, an active sovereign investor focused on critical infrastructure and global supply chains, has acquired a 63.26% stake in a stock market disclosure, Mansour AlMulla, Deputy Group Chief Executive Officer of ADQ, stated that Q Logistics Holding, a subsidiary of ADQ, had received acceptances from shareholders representing 40.57% of shares. Combined with the 22.69% ownership held by AD Ports Group, another ADQ subsidiary, this brings ADQ's total stake to 63.26%. The Abu Dhabi-based sovereign investor has expressed its intention to secure full ownership of the statement confirmed that ADQ's ownership has now surpassed the minimum acceptance threshold required under the Mergers and Acquisitions Rules issued by the Securities and Commodities Authority. With this latest milestone, ADQ has cleared the legal path for the mandatory acquisition of the remaining shares. However, the stock market disclosure noted that Q Logistics Holding would continue to accept shares from shareholders even after the offer period expired on March shares are being acquired at Dh3 per share, a premium compared to the closing price of Dh2.82 at the Dubai Financial Market (DFM) on a recent press release, AlMulla stated that Aramex would become an integral part of ADQ's Transport & Logistics cluster, which already includes major entities such as AD Ports Group, Abu Dhabi Airports, Etihad Airways, and Etihad Rail. 'As the majority shareholder in Aramex, we plan to leverage our extensive track record of growing local companies into globally competitive market leaders for the benefit of Aramex and all its stakeholders,' he added. ADQ anticipates that the proposed transformation of Aramex will be complex and capital-intensive, requiring time to materialise, which may limit short- to medium-term returns for shareholders, according to its previous stock market disclosure.

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