FFC board approves merger evaluation

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

Add Mettisglobal as a Trusted Source on Google

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

APAG book building oversubscribed 1.84x, strike price set at Rs33

PSX Closing Bell: A Soft Step Up

BOP profit surges 44% to Rs9.37bn in 1HCY26

Name	Price/Vol	%Chg/NChg
KSE100	177,696.51 304.87M	0.21% 373.73
ALLSHR	107,705.18 655.88M	0.15% 159.56
KSE30	52,933.03 152.01M	0.35% 184.89
KMI30	251,798.59 90.78M	0.35% 875.46
KMIALLSHR	69,442.62 342.89M	0.12% 85.14
BKTi	50,491.32 102.65M	0.60% 299.36
OGTi	36,062.21 6.01M	0.11% 39.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,465.00	78,495.00 77,660.00	630.00 0.81%
BRENT CRUDE	88.29	88.75 87.26	-0.23 -0.26%
RICHARDS BAY COAL MONTHLY	117.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	131.50	132.75 131.50	1.75 1.35%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	83.44	83.78 82.25	-0.09 -0.11%
SUGAR #11 WORLD	17.56	18.66 17.44	-0.63 -3.46%