Recent figures received on Friday have stated that Austrian Post has agreed that it would buy 25% stake in Aras Kargo, Turkish parcel delivery group. It would buy it approximately at 50 million euros ($65.9 million).

Presently, Austrian Post has an option to buy another 50 percent stake in this company. This would be possible in 2016. Here, it would be able to generate annual revenue of approximately 250 million euros. Besides, market share would be above 25%. It would take 20% holding from Is. Besides, five percent of shares of the company would be of Austrian Post.

Facts state that Aras Kargo works on a nationwide network in Turkey. It has approximately 800 shops, 28 distribution centers and 2,600 vehicles. There are 5,400 salaried employees.

Austrian post can also acquire a further 50% stake in Aras Kargo. But that is possible only if the performance of the company is good.

Shedding light on the growing Turkey market, Austrian Post chief executive Georg Pölzl said, "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".