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
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
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,
Vopak acquires 29 percent stake in ETPL for $38 million
Elengy Terminal Pakistan Limited (ETPL) was incorporated in 2012 and is based in Karachi and it operates as a subsidiary of Engro Corporation Limited.
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
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
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)
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
Dewan Cement rejects Mega Conglomerate’s acquisition offer
Dewan Cement’s spokesperson has claimed the negotiations are still going on and the deal could be salvageable, however, there has been no formal announcement on the stock exchange by Dewan Cement about the status of the deal
Is Dewan Yousuf serious or will he hoodwink everyone yet again?
The Group faces a serious credibility crisis as it turns down offers for its cement plants for the umpteenth time – even the lucrative Mega offer – raising doubts about its intent to sell and settle the default.
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
UK supermarkets Sainsbury’s, Asda agree £13bn merger
Britain's second and third biggest supermarket chains Sainsbury's and Walmart-owned Asda have agreed to merge, the pair said Monday, hoping to create...
A bank sold for just Rs1,000. Does it make any sense?
Profit demystifies the controversy over the sale of KASB Bank
Govt contemplating merger of Pakistan LNG Limited, Pakistan LNG Terminal Ltd
ISLAMABAD: The government is contemplating the amalgamation of two state-owned liquefied natural gas (LNG) entities namely Pakistan LNG Terminals Limited and Pakistan...
Sprint restarts merger talks with T-Mobile US
WASHINGTON: Sprint Corp has restarted talks to merge with T-Mobile US Inc, people familiar with the matter said on Tuesday, the latest...