Aramex Awaits Q Logistics' Buyout Decision
Deal News | Jan 28, 2025 | EIN
Aramex, a prominent logistics company listed on the Dubai Financial Market (DFM), has announced that operations will remain unaffected amid a potential acquisition by Abu Dhabi's Q Logistics. The proposal involves the acquisition of all shares not currently held by AD Ports Group. This move could potentially result in the creation of a significant logistics operator with a strong presence in the region and internationally. The Aramex Board of Directors met on January 15 to deliberate on the offer, subsequently appointing HSBC and Clifford Chance as independent advisors. Recent movements in the company's stock suggest market anticipation of the deal going through, as the stock reached a trading price of Dh2.85. The transaction process will adhere to the UAE's Securities and Commodities Authority's regulatory framework, involving steps such as due diligence, a tender offer, and obtaining necessary approvals.
Sectors
- Logistics and Transportation
- Public Joint Stock Companies
Geography
- United Arab Emirates – The companies involved, Aramex and Q Logistics, are based in the UAE, and the acquisition will be governed by UAE law.
Industry
- Logistics and Transportation – Aramex operates in the logistics and transportation industry, providing delivery and logistics services globally.
- Public Joint Stock Companies – Involves the regulatory aspects of mergers and acquisitions for publicly listed companies in the UAE.
Financials
- Dh2.85 – The current trading price of Aramex's stock following market reaction to the news of the potential acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aramex | Target Company | Company | A major logistics company listed on the Dubai Financial Market. |
| Q Logistics | Bidding Company | Company | A logistics company seeking to acquire Aramex shares. |
| AD Ports Group | Shareholder | Company | Holds a portion of Aramex shares and not part of the acquisition by Q Logistics. |
| HSBC | Financial Advisor | Company | Appointed as an independent financial advisor for Aramex in the acquisition process. |
| Clifford Chance | Legal Advisor | Company | Appointed as an independent legal advisor for Aramex in the acquisition process. |