French parcel company takes 20% of Aramex
French express parcel player acquires 20% of Aramex: Geopost, the express parcel arm of France’s Groupe La Poste, acquired 20.2% of Dubai-listed Aramex for USD 381.2 mn, according to Reuters. The French company purchased a total of 295 mn shares in Aramex.
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THE CLOSING BELL-
The EGX30 fell 0.6% at Wednesday’s close on turnover of EGP 4.78 bn (68.8% above the 90-day average). Local investors were net buyers. The index is up 2.64% YTD.
In the green: Misr Fertilizers Production Company (+5.8%), Speed Medical (+5.0%) and Ezz Steel (+3.2%).
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