Bidding war around Linde Pakistan

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In the wake of a recent offer made by a consortium of 4 companies interested in acquiring 60% controlling shares in  Linde Pakistan Limited, new bidding offers have been put in place. The various companies are keen in acquiring 60% management and operational share in Linde Pakistan Limited.This was disclosed in a notice sent to the Pakistan Stock Exchange (PSX) by the concerned companies. The companies bidding to acquire the target company include:

  1.  Abraaj Investment Management Limited. The management group has appointed BMA Capital Management Limited (BMA) as the Manager to the Offer.
  2. Another bid has been placed by ICI Pakistan Limited who has appointed Alfalah Securities (Pvt) Ltd as the Manager to the offer.

Linde Pakistan is a wholly owned subsidiary of Linde AG incorporated in Germany.The company has been pioneering medical and industrial gas solutions and creating value for customers across industries for more than 65 years.

The stock for Linde Pakistan Limited closed at Rs 379.57 after registering an increase of Rs 18.07 (4.76%) today.