Österreichische Post AG

EANS-Adhoc: Österreichische Post AG
AUSTRIAN POST ACQUIRES 25% STAKE IN ARAS KARGO, TURKEY

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Mergers - Acquisitions - Takeovers/Company Information
21.06.2013


Austrian Post has reached an agreement with the owners of the Turkish parcel
service provider Aras Kargo to acquire a 25% stake in the company. 80% of the
shares are currently in the hands of the company's founders, the Aras family,
and 20% is owned by the publicly traded Turkish private equity company Is
Private Equity. Provided that approval is granted by antitrust authorities and
other various conditions are fulfilled, Austrian Post will acquire the 20% stake
in Aras Kargo from Is Private Equity along with 5% of the shares held by the
Aras family, which will thus continue to own a majority shareholding of 75%. The
purchase price for the 25% stake on the part of Austrian Post amounts to a total
of TRY 125m, corresponding to about EUR 50m. Moreover, Austrian Post has a call
option, which it can exercise in 2016, entitling it to acquire a further 50%
stake from the Aras family on the basis of Aras Kargo's business results in
2015/16 and thus potentially increase its shareholding to 75%. 

Aras Kargo is one of the leading Turkish parcel service providers with annual
revenue of approximately EUR 250m, delivering some 46m parcels and 32m documents
annually. The company has been operating in the parcels business for more than
30 years, and has a market share of over 25%. In recent years, Aras Kargo has
been able to disproportionately benefit from the growth of the Turkish market,
achieving revenue growth rates surpassing 15% p.a. The profitability of the
company has also continually improved, as demonstrated by an EBITDA margin of
over 10% in the 2012 financial year. The company operates a nationwide network
in Turkey, consisting of about 800 shops, 28 distribution centres and 2,600
delivery vehicles, with a workforce of some 5,400 salaried employees.  

"Thanks to this acquisition we have entered the prospective growth market of
Turkey, whose parcels market offers an enormous potential. As a leading
logistics provider, Aras Kargo has an excellent track record in the Turkish
market combined with a high level of service. For these reasons, Aras Kargo
optimally fits in the portfolio of strategic shareholdings held by the Austrian
Post Group", states Austrian Post's Chief Executive Officer Georg Pölzl.

"The entry of Austrian Post into the Turkish market enables the company to
continue its profitable growth path and strive to further increase its
international market share. The outstanding reputation and service quality of
Aras Kargo is an excellent basis for the next innovation and growth steps. Aras
Kargo will offer best-in-class solutions to its customers in its role as a
pioneer of high quality logistics services", Peter Umundum, head of Austrian
Posts Parcel & Logistics Division, adds.

"We are pleased to have attracted Austrian Post, a prominent European parcel
service provider, to be our partner. We are convinced that Austrian Post, with
its international and technological expertise, will support Aras Kargo in
further expanding its strong market position. The clear objective is to become
the number one provider in the Turkish parcels market", says Evrim Aras,
Chairman of the Board of directors / CEO of Aras Kargo.


Further inquiry note:
Austrian Post
Head of Press & Internal Communications 
Ms Ingeborg Gratzer
Tel.: +43 577677 24730
ingeborg.gratzer@post.at

Head of Investor Relations & Corp. Governance 
Mr Harald Hagenauer
Tel.: +43 57767 30400
harald.hagenauer@post.at

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



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