İş Private Equity Exits Aras Cargo to an Austrian Company for TRY100 Million (CEE and CIS)

Source: İş Private Equity

İş Private Equity, a private equity firm focused on Turkish small- and medium-sized enterprises, has agreed to sell a 20 percent stake in Aras Cargo, a Turkey-based shipping and packaging company, to Austria Post for TRY100 million (US$53 million). Austria Post is a logistics and postal services provider in Austria, and will use the investment in Aras Cargo to enter the Turkish market. İş Private Equity acquired its original stake in November 2011.