EFG Hermes receives addendum to takeover bid by Intermarket Securities

MG News | January 15, 2024 at 12:26 PM GMT+05:00

0:00

January 15, 2024 (MLN): EFG Hermes Pakistan Limited (PSX: EFGH) has received an addendum regarding the intention to acquire at least 51% shareholding and control of EFGH by Intermarket Securities Limited, the company informed through a notice sent to the PSX today.

This update pertains to the initial public announcement of intention made by Intermarket Securities Limited on November 21, 2023, with the objective of acquiring at least 51% of the voting shares and control of the EFGH.

This addendum to the public announcement of intention has already been notified to the Board of Directors (BoD) of EFGH, the notice said.

Multiline Securities Limited is the manager for this offer.

EFGH is a corporate member of Pakistan Mercantile Exchange Limited and acts as a service provider with MUFAP.

It is engaged in financial brokerage, corporate finance, and financial research.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,806.22 500.44M	-0.39% -638.50
ALLSHR	99,845.79 1,977.49M	-0.42% -417.42
KSE30	50,123.85 153.24M	-0.68% -343.31
KMI30	238,530.50 71.49M	-0.36% -850.63
KMIALLSHR	65,898.10 543.80M	-0.37% -245.35
BKTi	46,380.96 92.15M	-0.49% -229.01
OGTi	31,857.40 12.33M	-1.20% -387.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	106,635.00	109,470.00 103,745.00	-1810.00 -1.67%
BRENT CRUDE	61.12	61.33 60.14	0.06 0.10%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	93.20	93.50 93.20	0.05 0.05%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	57.05	57.29 56.15	0.06 0.11%
SUGAR #11 WORLD	15.53	15.88 15.45	-0.27 -1.71%