February 8 – Rasmala Buyout Fund a Dubai based company has bought Aramex for around $60m. The purchase ws made by tender offer for the Aramex shares which were traded on NASDAQ through Cayman Isles and Bermuda subsidiaries. Fadi Ghandoor the former main shareholder in Aramex has taken up 28% of the shares of the Cayman Island cpmany acquiring the shares.
Read MoreGrowth in the French market for express delivery services has, as in the UK and Germany, been influenced by the development of the European Union and the globalisation of national companies. More recently, the outsourcing of distribution services by French companies and the increasing popularity of home shopping has also stimulated demand.
Market Size
Read Moreslides from presentation at World Express on Middle East express market
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