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
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
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
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)Â
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
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,
Government to sell PIA’s minority share of 49pc by April 15
ISLAMABAD: While the opposition parties are concerned about the mode of government in privatisation of Pakistan International Airline (PIA) just ahead of...
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,...
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...
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...
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...
Fatima Fertilizer, Fatimafert proposed merger delayed
LAHORE: A bourse filing Friday by Fatima Fertilizer Company Limited revealed its board of directors decided to delay the proposed merger between...
PICIC insurance set to merge into Crescent Star Foods
LAHORE: A bourse notification Tuesday filed by PICIC Insurance revealed the company's board of directors had approved its merger with Crescent Star...
KPMG UK undertaking internal review into its audit of Abraaj: Report
The proximity of ties between top executives at KPMG and Abraaj in Dubai will also come under the scanner
Alibaba in talks with Rocket Internet to acquire Daraz: Report
LAHORE: Alibaba, amongst the world’s leading e-commerce players is contemplating to purchase Rocket Internet’s online retail unit Daraz in Pakistan.
According to a...