Business - n.a.

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.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Austrian Post: Enormous Growth Potential in Turkey

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.