SECP is changing company takeover laws. But what exactly is being changed and why?
The companies regulator seems to have realised its mistake, but only after one business group allegedly tries to pull a fast one
Country’s largest firms repurchase shares as default fears mount
Companies in Pakistan are seeking to repurchase their shares as valuations plummet to their lowest level in at least a decade due...
Jahangir Siddiqui will soon own two banks. Not everyone is happy
From legal technicalities to outright accusations of white-collar crime involving big business, as well as the regulators, JS Bank’s bid to buy BankIslami has many detractors. But will any of this be enough to stop the transaction from taking place?
Plans to transfer control of Nandipur Power Plant, GEPCO to PSO
Finance Division seeks justification from power division for proposing transfer of controlling interest of GEPCO instead of Guddu Power Plant (GPP)
Ravi Textile Mills to be acquired by steel mill owners
A potential takeover leaves Ravi’s staff stumped; unclear what direction the company will take next
Saudi Arabia’s National Commercial Bank to acquire Samba
The largest bank by assets in Saudi Arabia is entering Pakistan. This is not the bank’s first brush with Pakistanis
Fossil Energy still looking to acquire Bawany Air Products
The energy company may be looking at the acquisition as a backdoor public listing on the Pakistan Stock Exchange
Wilmar Agro raises stake to 30 per cent in Unity Foods
Previously, the Wilmar unit held 11.01pc stake in Unity Foods which it acquired in May 2019 equivalent to 59,905,187 shares of the company
Have Pakistan’s most successful startup founders become Naspers’ latest victims?
The merger of EMPG and OLX has created a new entry into the unicorn club, but is it another one of Naspers' classic burn-them-out takeovers? Or did the Pakistani founders negotiate from a position of strength? Besides, who is next?
Is Ernst & Young about to exit Pakistan?
Ernst & Young, the global accounting and professional services firm that goes by its brand name EY, is re-evaluating its relationship with...
PSM privatisation process to commence once again
It has been speculated that around 5 to 6 international firms have approached the federal government to reach an arrangement for the privatisation and revival of PSM.
Foreign banks eye financial advisory role in divestment of two LNG fired-power plants: Report
This divestment would rank as the country’s largest privatization deal since 2005 when Etisalat acquired a controlling stake in Pakistan Telecommunications Limited (PTCL) for $2.6 billion
Mongolia Yili given ninety-day extension to make public offer for 51% voting shares in Fauji Food
At the end of July, Inner Mongolia Yili Industrial Group Co had submitted an investment intention letter to acquire a 51 percent majority stake in Fauji Foods
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