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Dubai's Aramex sets up e-commerce company with Australia Post
October 3, 2016 / 11:22 AM / a year ago

Dubai's Aramex sets up e-commerce company with Australia Post

DUBAI, Oct 3 (Reuters) - Dubai-based logistics firm Aramex said on Monday it had established a joint venture e-commerce company with Australia Post.

Aramex owns 60 percent of the Singapore-based venture while Australia Post has 40 percent, Aramex said in a bourse statement without giving a value for the investment.

Australia Post bought a 4.5 percent stake in Aramex earlier this year, the Dubai logistics company said on Aug. 9. (Reporting by Hadeel Al Sayegh; Editing by Andrew Torchia)

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