Packages to purchase additional 585,254 shares of Sanofi Pakistan

MG News | June 29, 2022 at 10:16 AM GMT+05:00

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June 29, 2022 (MLN): Packages Limited (PKGS) has made a public offer to purchase 585,254 ordinary shares of Sanofi-Aventis Pakistan Limited, having a par value of Rs10 each at an offer price of Rs1,704 each, the company's filing on PSX showed today.

The above acquisition by PKGS (the Acquirer) is on behalf and under the consent of the Investor Consortium comprising Packages Limited, IGI Investments (Private) Limited and affiliates of Arshad Ali Gohar Group.

It is pertinent to note that Arif Habib Limited is the Manager to the Offer.

On June 24, 2022, PKGS had extended the timeline for making a Public Announcement of Offer (PAO) to acquire the entire 52.87% shareholding of Sanofi Foreign Participants B.V. held in Sanofi-Aventis Pakistan Limited (SAPL) by an Investor Consortium.

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