ADQ Plans Acquisition of Aramex
Deal News | Jan 13, 2025 | Zawya
ADQ, Abu Dhabi's sovereign wealth fund, plans a significant acquisition of Dubai-based courier firm Aramex. The acquisition will be made through ADQ's subsidiary, Q Logistics Holding LLC, offering 3 dirhams per share to Aramex's shareholders, which is a 33% premium over the last share price. While ADQ already owns a portion of Aramex through its ownership in Abu Dhabi Ports Co., the move is to acquire the remaining shares not held by Abu Dhabi Ports Co. The board of Aramex is set to discuss the acquisition offer on January 15. The announcement has already influenced the stock market, as seen in Aramex's share price increase.
Sectors
- Investment & Private Equity
- Logistics & Transportation
Geography
- United Arab Emirates – The main entities involved, ADQ and Aramex, are based in the UAE, with financial transactions being discussed on UAE stock exchanges.
- Abu Dhabi – Based headquarters of ADQ and ownership-related discussions.
- Dubai – Location of Aramex, the target company headquartered in Dubai.
Industry
- Investment & Private Equity – ADQ, as a sovereign wealth fund, is engaged in the strategic investment and potential acquisition of existing businesses.
- Logistics & Transportation – Aramex is a courier and logistics company, making it central to this industry's dynamics as an acquisition target.
Financials
- 3 dirhams ($0.82) per share – Offer price for Aramex shares, representing a 33% premium to the last share price.
- 22.69% – The share of Aramex currently owned by Abu Dhabi Ports Co.
- 75.42% – Ownership of ADQ in Abu Dhabi Ports Co.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ADQ | Bidding Company | Company | A sovereign wealth fund of Abu Dhabi with investment interests across various sectors. |
| Aramex | Target company | Company | A Dubai-listed courier and logistics firm headquartered in Dubai. |
| Q Logistics Holding LLC | Bidder/Acquisition Vehicle | Company | A subsidiary of ADQ, serving as the vehicle for the offer to acquire Aramex. |
| Abu Dhabi Ports Co. | Current Shareholder | Company | Holds a notable share in Aramex and is majorly owned by ADQ. |