Austrian Post Raises Shares in Turkey’s Aras Kargo

Austrian Post Raises Shares in Turkey’s Aras Kargo

Turkey’s Aras Kargo agreed to transfer a majority of its shares to Austrian Post. As part of the agreement made between the two partners, Austrian Post will raise its stake in the Turkish company to 80%.The Austrian shareholder's stakes will be devinitively acquired as soon as the Competition Authority will approve the 55% acquisition as compliant to Turkish laws.