EXCLUSIVE Dubai courier Aramex in talks to buy Turkey's MNG Kargo -sources | Reuters
Dubai-listed courier Aramex (ARMX.DU), partly owned by Abu Dhabi state investor ADQ, is in advanced talks to buy Turkish delivery company MNG Kargo, three sources said.
The potential deal, which one of the sources familiar with the matter said could be worth as much as $500 million, comes as relations between regional rivals the United Arab Emirates and Turkey show signs of improvement. read more
One of the sources said the talks were at an advanced stage and a second said the pair were engaged in due diligence.
"As a matter of course, we do not comment on rumour or speculation," an Aramex spokesperson said.
MNG Kargo declined to comment.
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