Brief: Oesterreichische Post Says Austrian Post Agrees To Raise Shareholding In Aras Kargo To 80%

Oesterreichische Post AG

16/06/2020 19:51

June 16 (Reuters) - Oesterreichische Post AG  POST.VI :
    * AUSTRIAN POST AGREES TO INCREASE ITS SHAREHOLDING IN
TURKISH
PARCEL SERVICES PROVIDER ARAS KARGO TO 80 %
    * AUSTRIAN POST WILL RAISE ITS STAKE IN COMPANY ARAS KARGO
TO 80
%, AT A COST IN MID DOUBLE-DIGIT MILLION EURO RANGE
    * BARAN ARAS WILL CONTINUE TO BE A CO-OWNER, HOLDING A 20 %
SHAREHOLDING
    * BARAN ARAS WILL SERVE ON BOARD OF ARAS KARGO

Source text for Eikon:  urn:newsml:reuters.com:*:nAPAbCwLTj
Further company coverage:  POST.VI 

 ((Reuters.Briefs@thomsonreuters.com;))