Google+ Followers

Sunday, 31 July 2016

Aramex founder sells entire stake to Boson Ventures | GulfNews.com

Aramex founder sells entire stake to Boson Ventures | GulfNews.com:

"Fadi Ghandour, the founder of Dubai-listed logistics firm Aramex, has sold all of his holdings in Levant Logistics Holdings to Boson Ventures Corporation, a firm in the Cayman Islands that provides seed funding, according to a statement on the Dubai Financial Market on Sunday.

Levant Logistics Holdings owns 144.9 million shares in Aramex or 9.9 per cent of Aramex shares.

The deal comes days after Jaona Investment bought a stake in Aramex for Dh437.6 million and about a week after Ghandour reportedly sold his 9.9 per cent stake to a group of Gulf investors including Emaar Properties chairman Mohammad Alabbar."



'via Blog this'