Actis pushes for investor vote on Abraaj fund takeover

A move by Actis to take control of Abraaj Private Equity Fund IV had hit a stumbling block as the British firm sought legal protection from any claims surrounding allegations of missing money, three sources close to the matter said earlier

Naubahar Bottling interested in acquiring 98.23% stake in Baba Farid Sugar mills

The company was founded in 1978 and is based in Lahore and is a subsidiary of Pattoki Sugar Mills Limited

SEP resubmits offer to acquire 66.4% stake in K-Electric

On December 21st, as per regulations, Shanghai Electric withdrew its offer due to lapse in the prescribed time period for making a public announcement of the offer

With PM taking personal interest will the K-Electric deal finally materialize?

On news of SEP’s delegation meeting with the PM, led to a surge in selling and buying of K-Electric shares and it ended Friday as the market volume leader with 13.90 million shares traded

Next Capital announces client’s intention to acquire 49.90% stake in Johnson and Phillips

Johnson and Phillips have a market capitalization of Rs343.90 million and counts itself amongst the first foreign company to have opened an office in Pakistan after independence in August 1947

Vopak to buy 44% stake in Elengy Terminal Pakistan

The acquisition will be done in separate transactions with International Finance Corp (IFC) and Engro Corp and will include a 29 percent share it had already said it would buy in July, the company said in a statement

Careem looks to raise up to $200 million in China: source

In a separate development, Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential mergers and acquisition deal in the region with Uber Technologies Inc

Baltoro acquires stake in NBP funds

Baltoro made its first investment in Pakistan in 2016 by acquiring a stake in AGP Limited, a Karachi based pharmaceutical company

Turkish arm of Abraaj looking to sever ties & become independent: Report

Canadian asset management group, Brookfield is said to be in negotiations with the Turkish entity of Abraaj to acquire it, according to people aware of the talks

Fauji Foods appoints advisers for counseling on acquisition offer

In the end of July, Inner Mongolia Yili Industrial Group Co had submitted an investment intention letter to acquire a 51 percent stake in Fauji Foods

Zuckerberg’s broken promise? – Here’s why Instagram’s co-founders left Facebook

In a surprising move yesterday, we found out that the photo-sharing app Instagram’s co-founders, Kevin Systrom and Mike Krieger had left Facebook, which had...

United Energy to buy Kuwait Energy for $651m

Founded in 1992, United Energy acquired BP’s assets in Pakistan in 2011 for $775 million and has since invested heavily in that country,

Sindh Bank and Summit Bank are merging. Who is the real buyer?

Allegations of money laundering and illicit payoffs continue to haunt this transaction, suggesting there may be more than a simple bank merger going on

Coca-Cola expands into coffee with $5.1 billion deal for Britain’s Costa

For Coca-Cola, the deal adds to its efforts to move away from fizzy drinks towards more healthier options for increasingly health-conscious consumers

Aramco listing plan halted, oil giant disbands advisors – sources

The financial advisors working on the proposed listing have been disbanded, as Saudi Arabia shifts its attention to a proposed acquisition of a “strategic stake” in local petrochemicals maker Saudi Basic Industries Corp, two of the sources said

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