Abu Dhabi’s ADQ Offers to Buy Aramex at $1.2 Billion Valuation
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Abu Dhabi sovereign fund ADQ offered to take full control of Aramex PJSC in a deal that would value the courier services company at about 4.39 billion dirhams ($1.2 billion).
ADQ, through its subsidiary Q Logistics Holding LLC, proposed to buy all the Aramex shares that aren’t owned by Abu Dhabi Ports, which is also controlled by the sovereign wealth fund and has a 22.69% stake in the delivery company.