Abu Dhabi sovereign wealth fund ADQ finalized the acquisition of a 63.2% stake in DFM-listed logistics giant Aramex, slightly below the previously expected 63.3%, according to a press release (pdf). The transaction was completed through a voluntary tender offer by Q Logistics Holding, ADQ’s wholly owned subsidiary.

ADQ’s 63.2% stake includes: The 40.5% stake acquired via Q Logistics, and an existing 22.7% stake held by AD Ports Group, in which ADQ holds a majority interest.

REMEMBER- Q Logistics had offered AED 3 per share to acquire all Aramex shares not held by AD Ports Group, valuing the company at AED 4.4 bn. By the end of the offer period, Q Logistics had acquired 35.3% of Aramex. Additional shares were tendered after the deadline, bringing the total to 40.5%.

Aramex will now be integrated into ADQ’s transport and logistics portfolio, which includes assets such as AD Ports, Etihad Rail, Etihad Airways, and Abu Dhabi Airports.

What’s next: Payment to Aramex shareholders and registration of the acquired shares under Q Logistics are scheduled for 25 July.

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