CLOV enters LPG sector with 40% stake in Quick Gases (Private) Limited
MG News | May 25, 2026 at 01:15 PM GMT+05:00
May 25, 2026 (MLN): Clover Pakistan Limited (PSX: CLOV) has declared a strategic investment in the LPG sector through the proposed acquisition of a 40% equity stake in Quick Gases (Private) Limited, a company engaged in LPG Storage, Marketing and Distribution, according to the company’s filing on PSX revealed today.
The Board of Directors has granted in-principal approval for
the investment and has authorized the Management to execute a Share Purchase
Agreement with the existing shareholders of the target company.
The Board has also approved the Management to undertake all
necessary regulatory and statutory formalities to complete the transaction.
Quick Gases (Private) Limited is engaged in the development
of an LPG Storage, Marketing and Distribution facility.
The project includes LPG storage infrastructure, filling
capacity, and distribution capability, and holds an OGRA construction license,
positioning it for commercial operations upon completion.
The proposed acquisition will enable Clover Pakistan to
participate in and influence the operational, financial, and strategic
decision-making of Quick Gases (Private) Limited.
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