Österreichische Post AG

EANS-Adhoc: AUSTRIAN POST REVIEWS OPTIONS TO INCREASE THE STAKE IN TURKISH ARAS KARGO

--------------------------------------------------------------------------------
  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
--------------------------------------------------------------------------------
Mergers - Acquisitions - Takeovers
17.06.2016


Austrian Post acquired a 25% stake in Turkish parcel service provider Aras Kargo
in 2013. At that time, Austrian Post and Aras Kargo also agreed on a call option
which entitled Austrian Post to acquire a further 50% stake in the second
quarter of 2016. By now Austrian Post initiated the call option procedure.

However, there have been differences in opinion between Austrian Post and the
current majority shareholder regarding the execution of the call option
agreement as well as the valuation of shares. Based on the solid contractual
position, Austrian Post is currently reviewing all options and will take the
necessary steps for implementing the contractual agreement.

For the time being, Austrian Post will continue reporting its 25% stake at
equity.

Background Information on Aras Cargo
Aras Kargo is one of the leading Turkish parcel service providers with annual
revenue of approximately EUR 270m, delivering some 72m parcels and 40m documents
in 2015. The company has been operating in the parcels business for more than 30
years, and has a market share of 27%. In recent years, Aras Kargo has been able
to disproportionately benefit from the growth of the Turkish market, achieving
double-digit revenue growth rates p.a. in local currency. The company operates a
nationwide network in Turkey, consisting of about 820 shops, 28 distribution
centres and 3,500 delivery vehicles, with a workforce of some 5,200 employees.
75% of the shares are currently in the hands of the Aras family and 25% are
owned by Austrian Post. 

Vienna, 17.6.2016


Further inquiry note:
Austrian Post

Ms. Ingeborg Gratzer
Head of Press Relations &
Internal Communications
Phone: +43 (0) 57767-32010
ingeborg.gratzer@post.at	

Mr. Harald Hagenauer
Head of Investor Relations, 
Group Internal Audit & Compliance  
Phone: +43 (0) 57767-30400
harald.hagenauer@post.at

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


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
 



Weitere Meldungen: Österreichische Post AG

Das könnte Sie auch interessieren: