Back to the complete issue
Sunday, 24 October 2021

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.

Down

EGX30

11,132

-0.6% (YTD: +2.6%)

None

USD (CBE)

Buy 15.66

Sell 15.76

None

USD at CIB

Buy 15.66

Sell 15.76

None

Interest rates CBE

8.25% deposit

9.25% lending

Up

Tadawul

11,940

+0.3% (YTD: +37.4%)

Down

ADX

7,876

-0.2% (YTD: +56.1%)

Up

DFM

2,857

+1.4% (YTD: +14.7%)

Down

S&P 500

4,545

-0.1% (YTD: +21.0%)

Up

FTSE 100

7,205

+0.2% (YTD: +11.6%)

Up

Brent crude

USD 85.53

+1.1%

Up

Natural gas (Nymex)

USD 5.28

+3.2%

Up

Gold

USD 1,796.30

+0.8%

Up

BTC

USD 61,064.40

+1% (as of midnight)

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%).

In the red: Gadwa for Industrial Development (-5.0%), MM Group (-4.3%) and Rameda Pharma (-3.5%).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.