DUBAI, Oct 20 (Reuters) – GeoPost, the express parcel arm of French Groupe La Poste (LAPST.UL), has acquired a 20.15% stake in Dubai-listed courier firm Aramex (ARMX.DU), according to a regulatory filing on Wednesday.
The French express logistics firm acquired about 295 million shares in Aramex, valuing the deal at 1.4 billion dirhams ($381.18 million), a filing on the Dubai Financial Market showed.
($1 = 3.6728 UAE dirham)
Reporting by Hadeel Al Sayegh, Editing by Louise Heavens
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