Austrian Post increased its share in Turkish Aras Cargo to 80%

Austrian Post has held a 25 percent stake in the Turkish parcel services provider Aras Kargo a.s. since 2013. At that time, the basic intention and understanding with the Aras family, founders and owners of Aras Kargo, was for Austrian Post to increase its shareholding.

The formal closing of the transaction to raise Austrian Post’s stake to 80 percent took place on 25th August 2020. Baran Aras will continue to own a 20 percent shareholding in Aras Kargo and will also serve on its Executive Board.

“I am pleased that the increase in our shareholding in Aras Kargo, which was agreed upon many years ago, has finally taken place. Turkey is an attractive, dynamic, and strongly growing market”, says Georg Pölzl, Chief Executive Officer of Austrian Post.  
 
The company plans to further expand the business of Aras Kargo in the future.