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Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Packages Limited fulfils obligations to acquire 585.25mn shares of Sanofi Aventis

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September 02, 2022 (MLN): In continuation to the Public Announcement of Offer (PAO) to acquire over 585.25 million shares of Sanofi Aventis Pakistan Limited (SAPL) by Packages Limited- Acquirer, Arif Habib Limited (AHL), being the manager to the offer confirmed that acquirer has fulfilled all its obligations under the takeover regulations, AHL said in a notification to exchange issued today.

Meanwhile, the payments have also been dispatched to all the shareholders who tendered their shares as part of this public offer.

On June 24, 2022, the acquirer extended the timeline for making a PAO acquire the entire shareholding of Sanofi Foreign Participants B.V. held in Sanofi-Aventis Pakistan Limited (SAPL).

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Posted on:2022-09-02T16:29:16+05:00

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