Engro's subsidiary seals stakes sale deals for EPQL, Engro Powergen Thar & Sindh Engro

MG News | April 04, 2024 at 01:24 PM GMT+05:00

0:00

April 04, 2024 (MLN): Engro Energy Limited (EEL) has entered into definitive agreements with Liberty Power Holding (Pvt.) Limited and other parties acting in concert for the sale of its entire stake in Engro Powergen Qadirpur Limited, Engro Powergen Thar (Private) and Sindh Engro Coal Mining Company Limited.

The information was disclosed by Engro Corporation Limited (PSX: ENGRO), the parent company of EEL.

Accordingly, EEL will sell its entire stakeholding of 68.9% in Engro Powergen Qadirpur Limited (EPQL), 50.1% in Engro Powergen Thar (Private) Limited and 11.9% in Sindh Engro Coal Mining Company Limited (SECMC).

The transaction value for EPQL, EPTL and SECMC will be Rs7.5 billion, Rs21.04bn and Rs6.21bn, respectively, subject to certain adjustments as agreed in the definitive agreements.

"In case of any further material developments, the company shall keep the Exchange informed accordingly," the notice concludes.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	156,732.87 378.02M	-1.09% -1732.19
ALLSHR	95,664.67 846.83M	-0.93% -894.49
KSE30	47,752.38 218.48M	-1.21% -582.54
KMI30	226,175.25 118.06M	-1.26% -2880.10
KMIALLSHR	62,683.08 372.39M	-0.88% -556.28
BKTi	43,892.75 101.34M	-1.66% -739.52
OGTi	30,880.42 8.70M	-1.33% -415.34

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,350.00	110,430.00 107,835.00	3910.00 3.67%
BRENT CRUDE	64.10	64.19 63.96	-0.90 -1.38%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.50 -1.83%
ROTTERDAM COAL MONTHLY	93.00	93.00 93.00	0.10 0.11%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.30	60.39 60.18	-0.27 -0.45%
SUGAR #11 WORLD	14.25	14.42 14.07	-0.17 -1.18%