Dec 18 (Reuters) - ARAMEX ARMX.DU :
* BOARD APPROVES CO'S PROPOSAL TO DIVEST 60 PERCENT STAKE IN JV WITH AUSTRALIA POST, ARAMEX GLOBAL SOLUTIONS AND SELL IT TO AUSTRALIA POST
* UPON COMPLETION, THE DIVESTMENT WILL NOT HAVE ANY IMPACT ON ARAMEX REVENUES SINCE THE JV WAS ONLY ACCOUNTED FOR ON EQUITY BASIS
* IT WILL INCUR A ONE-OFF WRITE-OFF OF $13 MILLION FOR ARAMEX, WHICH WILL BE REFLECTED IN COMPANY'S Q4 2018 FINANCIAL RESULTS