FFC board approves merger evaluation

MG News | July 19, 2024 at 03:13 PM GMT+05:00

0:00

July 19, 2024 (MLN): The board of directors of Fauji Fertilizer Company Limited (PSX: FFC) have granted an in-principle approval to evaluate the potential amalgamation of Fauji Fertilizer Bin Qasim Limited with and into Fauji Fertilizer Company Limited by way of a scheme of arrangement.

The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.

The potential amalgamation is expected to allow for certain synergies which are likely to add value to the combined enterprise, thereby potentially enhancing future returns to shareholders, reads the notice.

Copyright Mettis Link News

Related News

OGDC gets Rs7.7bn boost on Power Holding's 9th TFC payment

PSX issues Risk Warning to DCTL, HWQS

Bank Makramah Limited Assigned ‘A-/A2’ Ratings with Positive/Stable Outlook by VIS

Name	Price/Vol	%Chg/NChg
KSE100	157,404.47 133.70M	2.23% 3438.11
ALLSHR	94,116.74 230.79M	1.95% 1801.11
KSE30	47,827.44 60.93M	2.42% 1130.92
KMI30	228,378.78 60.36M	2.74% 6085.89
KMIALLSHR	61,379.85 125.55M	2.28% 1370.38
BKTi	42,812.35 12.88M	1.99% 834.34
OGTi	32,734.00 6.78M	1.80% 579.77

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,275.00	71,385.00 70,175.00	1920.00 2.77%
BRENT CRUDE	100.21	100.90 97.15	-4.28 -4.10%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.35 -9.43%
ROTTERDAM COAL MONTHLY	119.50	119.50 119.50	0.50 0.42%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	89.20	89.48 86.72	-3.15 -3.41%
SUGAR #11 WORLD	15.90	15.91 15.40	0.38 2.45%