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

PepsiCo to acquire Sodastream for $3.2 billion

Under the terms of the agreement between PepsiCo and SodaStream, PepsiCo has agreed to acquire all of the outstanding shares of SodaStream International Ltd. for $144.00 per share, in a transaction valued at $3.2 billion. The transaction will be funded with PepsiCo's cash on hand

JS Group to acquire 48 percent share in Habib Coastal Power

A senior government official said JS Group would also be a beneficiary of Rs6 billion damages owed to HCPC by Sui Southern Gas Company (SSGC) on account of an international arbitration case won by the former,

Vopak acquires 29 percent stake in ETPL for $38 million

Elengy Terminal Pakistan Limited (ETPL) was incorporated in 2012 and is based in Karachi and it operates as a subsidiary of Engro Corporation Limited.

Summit Bank reiterates operations running smoothly and efficiently

SBP in a press release said the rumours circulating about Summit Bank in the media, especially social media were baseless and misleading besides advising the public and depositors of the bank to not pay any heed to such rumours

Uber in talks with Careem to acquire majority stake: Report

In January, it was reported Careem was contemplating an initial public offering (IPO) by 2019

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Malaysia files criminal charges against Goldman, ex-bankers in 1MDB probe

Goldman Sachs has been under scrutiny for its role in helping raise $6.5 billion through three bond offerings for 1Malaysia Development Bhd (1MDB), which is the subject of investigations in at least six countries