Toshiba reaches $18b deal for its chip unit, but confusion persists
TOKYO: Japan’s Toshiba Corp said on Thursday it had signed a US$18billion deal to sell its chip unit to a consortium led...
Defence & Interior Ministry issue NOC for K-Electric’s sale to Chinese entity
ISLAMABAD: Defence Ministry has given security clearance to Shanghai Electric Power (SEP) for the acquisition of K-Electric.
SEP received no-objection certificates from the...
Packages Limited completes 35pc acquisition of Stora Enso’s stake in BPL
Karachi: In a notification sent to the bourse on Tuesday, Packages Limited announced that it had completed its 35pc acquisition of Stora...
Toshiba receives revised offer of $22.3 billion for its chip unit
Tokyo: A group including Bain Capital and South Korea’s SK Hynix has raised its offer for Toshiba Corp’s chip business to 2.4...
Axiata nearing deal to acquire Veon’s Pakistan tower business for $1 billion: Bloomberg
Lahore: Bloomberg has reported that Malaysia’s biggest mobile operator Axiata Group is negotiating with Veon Limited to acquire its wireless towers business...
Puma Energy acquires 51pc stake in Pakistani OMC Admore
Karachi:Puma Energy Limited, whose largest shareholder is commodities trader Trafigura has inked an agreement with Admore Gas Private Limited to acquire 51pc...
CSIL acquiring company holding franchise rights to Fat Burger in Pakistan
Karachi: In a notification sent to the bourse on Wednesday, Crescent Star Insurance Limited (CSIL) announced that it had signed a memorandum...
Chinese SUV maker Great Wall considering bidding for Chrysler’s jeep unit
Beijing: Chinese SUV maker Great Wall Motors is considering making a bid to acquire Fiat Chrysler's Jeep unit, two employees of the...
Trafigura to acquire 51pc stake in Pakistani oil marketing company, Admore
Lahore: Geneva based Swiss oil trading company Trafigura has shown an interest in acquiring Pakistani oil marketing company Admore for $40m.
Trafigura is...
What is Malik Riaz up to now?
On the surface, it is a transaction that makes absolutely no sense: why on earth is Bahria Town, Pakistan’s largest private sector...
Phillips to acquire Spectranetics for $2.2b
The Hague: Dutch electronics and health care technology company Philips says it has an agreement to buy The Spectranetics Corporation in a...