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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. 
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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. 
 
 
 
end of announcement                               euro adhoc 
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(END) Dow Jones Newswires

June 21, 2013 01:30 ET (05:30 GMT)