Corporate Alert: Fossil Energy to acquire 17.68% stake in Clover Pakistan Ltd.

MG News | August 21, 2017 at 02:27 PM GMT+05:00

0:00

On behalf of Fossil Energy, a private company limited by shares incorporated under the laws of Pakistan, AKD Securities Limited as the Manager to the Offer are submitting herewith a copy of Public Announcement of Offer to Acquire up to 1,668,038 ordinary shares of Clover Pakistan Limited constituting approximately 17.68% of the issued share capital of the Target Company in accordance with the Securities Act, 2015, Listed Companies Regulations, 2017.

The details to the transaction can be accessed here.

Related News

PSX Closing Bell: Rally Mode

PSX Closing Bell: Sky’s the Limit

Fast Cables streamlines operations, expects PKR 100mn annual savings

Name	Price/Vol	%Chg/NChg
KSE100	171,342.73 50.83M	-0.90% -1551.54
ALLSHR	102,654.88 151.64M	-0.70% -719.92
KSE30	51,590.14 30.25M	-1.02% -529.97
KMI30	246,572.73 28.24M	-0.88% -2194.89
KMIALLSHR	66,731.35 73.46M	-0.68% -460.17
BKTi	47,361.92 11.48M	-1.21% -578.66
OGTi	35,962.70 2.52M	-0.94% -340.30

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,920.00	80,340.00 79,370.00	-425.00 -0.53%
BRENT CRUDE	101.74	102.92 100.75	1.68 1.68%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-2.50 -2.22%
ROTTERDAM COAL MONTHLY	106.55	106.60 105.45	1.80 1.72%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	96.30	98.64 95.08	1.49 1.57%
SUGAR #11 WORLD	14.56	14.82 14.38	-0.25 -1.69%