Dubai's Aramex agrees to sell subsidiary to boost balance sheet

Logistics major says it will sell InfoFort as it focuses its operations on the core logistics solutions services

Dubai-based logistics major Aramex said on Thursday it has agreed to sell its Information Fort subsidiary as it looks to strengthen its balance sheet.

Aramex said the move to offload the records and information management provider, better known as InfoFort, is part of its long-term strategy to focus its operations on the core logistics solutions services.

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