Engro Holdings receives letter on EEAP divestment
MG News | January 29, 2025 at 09:27 AM GMT+05:00
January 29, 2025 (MLN): Engro Holdings Limited (PSX: ENGROH) has received a letter from Engro Corporation Limited, dated January 28, 2025.
The letter concerns the divestment of Engro Eximp Agriproducts (Private) Limited, which is a wholly owned subsidiary of ENGROH, the company's filing on PSX revealed today.
The Board of ECORP has given the Company permission to enter into a Share Purchase Agreement ("SPA") to sell EEAP, referred to as the "Transaction."
A SPA has been executed with MAP Rice Mills (Private) Limited (Acquirer) for a transaction valued at Rs2.4 billion on a debt-free and cash-free basis.
The Acquirer is affiliated with the Bestway Group.
The completion of the Transaction depends on conditions outlined in the SPA, including obtaining corporate and regulatory approvals.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 165,603.83 431.08M | 9.18% 13930.37 |
| ALLSHR | 98,587.02 1,071.65M | 8.59% 7800.17 |
| KSE30 | 50,253.99 135.21M | 9.39% 4315.17 |
| KMI30 | 242,367.64 193.38M | 9.35% 20715.44 |
| KMIALLSHR | 64,743.44 509.78M | 8.57% 5112.32 |
| BKTi | 45,497.76 41.07M | 9.21% 3836.62 |
| OGTi | 34,992.60 25.75M | 9.51% 3038.49 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 71,930.00 | 72,960.00 70,055.00 | 2760.00 3.99% |
| BRENT CRUDE | 93.26 | 96.27 91.70 | -16.01 -14.65% |
| RICHARDS BAY COAL MONTHLY | 112.50 | 0.00 0.00 | 3.95 3.64% |
| ROTTERDAM COAL MONTHLY | 108.10 | 108.15 108.05 | -4.70 -4.17% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 94.19 | 109.19 91.05 | -18.76 -16.61% |
| SUGAR #11 WORLD | 14.40 | 14.46 14.19 | -0.18 -1.23% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|