BlueEx Limited announced on Friday that it is exploring the acquisition of an e-commerce domestic operations business being offered for sale by another e-commerce company.
The company’s Board of Directors will discuss the potential acquisition at their meeting scheduled for August 30, 2024. BlueEx primarily operates as a cargo forwarder and provides domestic and international courier services.
Following the announcement, BlueEx’s share price closed at Rs. 64.99 on Friday, up by 8.59 percent or Rs. 5.14, with over 9,300 shares traded.
The acquisition of an e-commerce business could mark a significant expansion for BlueEx, as it would allow the company to tap into the growing online retail market in Pakistan.
