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Empost plans IPO

The UAE's Emirates Post (Empost) is to begin discussing a possible initial public offering (IPO) of 49% of its shares with financial advisors next month, reported Reuters citing Emirates Business 24/7. Abdulla Al Daboos, the company's DG, said the stake could not be valued at less than $817m. Empost would use the proceeds to buy logistics firms and financial institutions specialising in remittance services.