Australia Post divests shareholding in Aramex

Australia Post has divested its 10.06% shareholding in Aramex PJSC (Aramex), a company listed on the Dubai Financial Market.

As announced in its 2017-18 Annual Report, Australia Post made a decision to divest its Aramex shareholding following a review of its international strategy, completed during 2018.

Australia Post’s international growth strategy will continue to be supported by its wholly-owned business, Australia Post Global eCommerce Solutions (APG eCommerce Solutions), which has an established presence in key global eCommerce trade lanes, including Asia, the UK, Europe and the US.

This business brings together the best of both postal and commercial solutions with a comprehensive suite of B2C cross-border shipping services and complements Australia Post’s joint venture with China Post, Sai Cheong Logistics.