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FINANCIAL NEWS
Aramex finalizes key acquisions, JVs
09 Dec 2010
(MENAFN) Dubai-based Aramex has announced a series of strategic acquisitions and partnerships in Turkey, Malaysia, Bangladesh and Vietnam, Reuters reported.
The company has increased its shareholding to 100 percent in Aramex Turkey, previously a partially owned subsidiary that has performed strongly in the country, achieving continuous annual growth to date.
This acquisition positions Aramex as a fully committed logistics and supply chain provider in Turkey, allowing the company higher levels of flexibility to expand its presence and carry on further investments in the world�s 16th largest economy, which registered average annual real GDP growth of six per cent between 2003 and 2008.
Aramex also announced the acquisition of a majority stake in Avanti, a leading express courier company in Malaysia, providing the company with a platform to enter the country�s expanding logistics and supply chain sector.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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