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...
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
Softbank purchases 15 percent stake in Uber
NEW YORK: A group led by Japanese technology conglomerate Softbank has acquired a major stake in Uber, potentially tamping down internal warfare...
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
Workers decry govt’s plan of privatisation of PIA, Steel Mill
KARACHI: A representative gathering of the labour here on Saturday expressed serious concerns on the proposed plans to privatise Pakistan Steel Mill...
Comcast ups the ante, offers $31b to acquire Britain’s Sky TV
LONDON: Comcast Corp, the biggest cable operator in the United States, offered on Tuesday to pay $31 billion to buy Sky, challenging...
OMV Pakistan divests upstream business to United Energy for $192 million
KARACHI: OMV AG, the Vienna-Austria-based integrated oil and gas company, has agreed to sell its upstream, exploration and production, business in Pakistan to...
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...
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...
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
Sindh Bank-Summit Bank amalgamation not to go ahead without SC approval
The merger of Sindh Bank-Summit Bank has come under scrutiny due to alleged financial irregularities
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
Govt gives security clearance to K-Electric deal
ISLAMABAD: A major hurdle in the way of K-Electric’s sale to Shanghai Electric Power has been removed as the government on Friday...
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...
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