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
Mega Conglomerate’s deal to acquire Dewan Cement collapses
In end-January this year, it was reported Mega Conglomerate (Pvt) Limited was acquiring 87.5 percent majority stake in Dewan Cement Limited (75% through agreement and 12.5% through public offering)
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
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
Supreme court halts Sindh Bank-Summit bank merger citing irregularities
KARACHI:Â The Supreme Court of Pakistan on Saturday stopped the merger of Sindh Bank and Summit Bank till further orders and issued notices...
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...
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
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
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
Regulatory approval granted by CCP for 40% acquisition of GO by Aramco
Deal marks the success of Aramco’s entry into Pakistan’s OMC space
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
GSK to acquire Novartis’s consumer healthcare venture for $13 billion
ZURICH: GlaxoSmithKline said on Tuesday it will buy Novartis’s 36.5 percent stake in their consumer healthcare joint venture for $13 billion in...
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
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...
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,