HUBC acquires Eni’s business in Pakistan

MG News | December 30, 2022 at 12:55 PM GMT+05:00

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December 30, 2022 (MLN): Pursuant to the acquisition of Eni’s business in Pakistan by Prime International Oil and Gas Company Limited (Prime) which is a 50-50 joint venture between Hub Power Holdings Limited and Eni’s Employee Buy-out Group, the Eni Transaction has now been completed, Hub Power Company (HUBC) informed through a notification to exchange.

This successful completion of the Eni Transaction is a further testimony of the company’s commitment to continuous growth, diversification of our portfolio, and maximizing value to shareholders.

Through Prime, the HUBC will further develop critical indigenous fuel sources for the country and work towards optimum utilization of our natural resources.

This will help in reducing the country’s reliance on imported fuel sources.

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