CPHL targets full takeover of Pakheim International Pharmaceuticals
MG News | May 06, 2026 at 02:54 PM GMT+05:00
May 06, 2026 (MLN): Citi Pharma Ltd.'s (PSX:CPHL) Board
of Directors, approved a proposal to acquire the entire 100% shareholding of
Pakheim International Pharmaceuticals (Private) Limited, along with its
associated assets, licenses, and operations.
The consideration for the transaction remains subject to
formal approval from the concerned authorities, according to the company’s
filing on PSX.
Pakheim International Pharmaceuticals is engaged in
pharmaceutical manufacturing and holds multiple DRAP-registered products,
backed by an established production facility.
The acquisition is aimed at strengthening Citi Pharma's
manufacturing capacity, expanding its product portfolio, and broadening its
market footprint, while generating operational synergies and long-term
strategic value.
The transaction is conditional upon the completion of
legal, financial, and tax due diligence, along with all requisite regulatory
approvals under applicable laws. Financing for the deal will be arranged
through a combination of internal cash resources and available banking
facilities.
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