Archroma explores potential merger with Huntsman Textile Effects Pakistan
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MG News | March 15, 2023 at 02:46 PM GMT+05:00
March 15, 2023 (MLN): The Board of Directors (PSX: BoD) of Archroma Pakistan Limited (PSX: ARPL) has authorized the company to explore the feasibility of a potential merger of Huntsman Textile Effects Pakistan (Private) Limited, being a subsidiary of the Company's parent / holding company i.e. Archroma Textiles GmbH, with and into the company.
Upon finalization by the management, the same will be presented to the board of directors for their consideration.
For the purposes of the same, the company has also been authorized to, inter alia, engage legal, financial, and such other advisors and consultants as may be required for the purposes of the above, and carry out other necessary steps and actions.
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