Citi Pharma submits offer for pharma company acquisition

MG News | April 16, 2025 at 01:09 PM GMT+05:00

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April 16, 2025 (MLN): Citi Pharma Limited (PSX: CPHL) has submitted a Non-Binding Offer for the potential acquisition of a leading pharmaceuticals company in Pakistan.

The submission is part of the company’s ongoing strategic expansion plans to become one of the largest players in the pharma industry of Pakistan.

Any further developments will be subject to the outcome of the due diligence process and subsequent approval(s) by the Board of Directors and relevant regulatory authorities.

The aforementioned information was disseminated through a notification to Exchange.

The Company remains committed to keeping the Exchange and shareholders informed of any material developments in this regard.

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