Clover to become FEPL’s sole dealer in operations

MG News | January 01, 2024 at 12:58 PM GMT+05:00

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January 01, 2024 (MLN): The Board of Directors of Clover Pakistan Limited (PSX: CLOV) has approved a deal with Fossil Energy (Private) Limited (FEPL) to become its exclusive dealer for managing, operating, and maintaining its Company Owned Company Operated Filling / Service Stations including Agri sites, the company said in a notice to the local bourse today.

The board has further authorized the management to negotiate and finalize the terms of the said deal.

The transaction is subject to the finalization of deal terms, transaction documents, and obtaining of all requisite approvals, consents, and authorizations.

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