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
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...
Philippine’s One Dex Cel Pharma shows intent to acquire 65pc equity stake in Haydery Construction
Karachi: In a notification sent to the bourse on Friday by Topline Securities announced the intention of Philippines based One Dex Cel...
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.
Dewan Cement finally strikes deal with Mega Conglomerate after roller coaster week
LAHORE:  A bourse notification filed Wednesday by BMA Capital Management Limited disclosed that Mega Conglomerate (Pvt) Limited was acquiring 87.5 percent majority...
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?
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
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
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...
Samsung hunting for bigger merger & acquisitions, deals
HELSINKI: Samsung Electronics’ $8 billion purchase of automotive and audio electronics company Harman has given the technology conglomerate confidence to chase more...
Careem moves into delivery service by acquiring Delivery Chacha
KARACHI: In a model replicating UberRush, Careem the ride-hailing service has ventured into the delivery segment by acquiring Delivery Chacha, an on-demand...
Government to accelerate privatisation move
ISLAMABAD: While the process of privatising government entities has been halted after few transactions of profitable organisations, the government has decided to...
Global merger, acquisitions crossed $1.2 trillion in first quarter of 2018
LONDON/NEW YORK: Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in...
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
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...