Matco Foods’ joint venture with Dutch company gets incorporated in Pakistan

MG News | July 02, 2019 at 10:55 AM GMT+05:00

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July 2, 2019 (MLN): Matco Foods Limited has sent a notification to Pakistan Stock Exchange, informing that Barentz Pakistan (Pvt) Limited has been incorporated in Pakistan on June 28, 2019 with the approval of Securities and Exchange Commission of Pakistan and Competition Commission of Pakistan.

The Company which is a joint venture between Barentz International B.V. and Matco Foods Limited, will start its operations once it receives the subscription money of Rs. 25.5 million from the former and Rs. 24.5 million from the latter.

The principal activities of the Company will be import, sales, and distribution of ingredients used in pharmaceutical, personal care, food & nutrition, and animal nutrition in the life science and food nutrition sector.

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