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Austrian Post: Enormous Growth Potential in Turkey

Published: October 9, 2013; 22:26 · (Vindobona)

With a local partnership, the Vienna-listed Austrian Post wants to participate in the booming Turkish post market.

Austrian Post: Enormous Growth Potential in Turkey / Picture: © Österreichische Post AG

With an acquisition in Turkey, Austrian Post has achieved a strategic milestone in its history. Austrian Post acquires 25% of Aras Kargo´s shares. The sales price amounts to € 49m. Until 2016, Austrian Post has the option to increase its stake in Aras Kargo to 75%. At the moment, Aras Kargo is the second-biggest parcel service company in Turkey. In total, Austrian Post´s investment…

This article includes a total of 275 words.

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