EANS-Adhoc: Austrian Post / AUSTRIAN POST AGREES TO INCREASE ITS SHAREHOLDING IN THE TURKISH PARCEL SERVICES PROVIDER ARAS KARGO TO 80 % EAE

6/16/2020, 8:44 PM (Source: euro adhoc)
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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
16.06.2020

Vienna, 16 June 2020 - Austrian Post has held a 25 % stake in the Turkish parcel
services provider Aras Kargo a.s. since the year 2013. At that time, the basic
intention and understanding with the Aras family, founders and owners of Aras
Kargo, was for Austrian Post to increase its shareholding.
Such an agreement has now been reached. Austrian Post will raise its stake in
the company Aras Kargo to 80 %, at a cost in the mid double-digit million euro
range. Baran Aras will continue to be a co-owner, holding a 20 % shareholding,
and will also serve on the Board of Aras Kargo. The closing of the deal is
expected in the coming weeks, subject to regulatory approval.

Aras Kargo is one of the leading Turkish parcel services providers, generating
annual revenue of TRY 1,370m (approx. EUR 215m) in 2019 and transporting about
150m parcels and documents per year. Austrian Post initially acquired a 25 %
stake in the company in July 2013. The carrying amount of the shareholding
equaled EUR 23.3m as at 31 December 2019.

Further inquiry note:
Austrian Post
Ingeborg Gratzer
Head of Press Relations & Internal Communications
Tel.: +43 (0) 57767-32010
ingeborg.gratzer@post.at

Austrian Post
Harald Hagenauer 
Head of Investor Relations, Group Auditing & Compliance 
Tel.: +43 57767-30400 
harald.hagenauer@post.at

end of announcement                         euro adhoc
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issuer:       Österreichische Post AG
              Rochusplatz  1
              A-1030 Wien
phone:        +43 (0)57767-0
FAX:          
mail:         investor@post.at
WWW:          www.post.at
ISIN:         AT0000APOST4
indexes:      ATX
stockmarkets: Wien
language:     English

EAX0016    2020-06-16/20:44

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