Privatization Commission dispels rumors of OGDC shares being offered at discount or historical avg

MG News | January 22, 2020 at 03:23 PM GMT+05:00

0:00

January 22, 2020 (MLN): The Privatization Commission has informed the Pakistan Stock Exchange and stakeholders that appointment of Financial Advisors (FA) for the divestment up to 7% of OGDCL Shares is in process.

After the appointment, FA will carry out comprehensive due diligence and later suggest on suitable transaction structure for consideration of the Government.

The Privatization Commission also informed that there is absolutely no consideration to offer OGDC shares either at a discount of on an historical average, and any rumors pertaining to transaction size or discounted divestment price are strongly refuted.

‘Up to 7% OGDCL shares will be offered at a value that is best reflective of the fundamentals of OGDC including its strong financials’ it said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	189,166.83 407.93M	0.79% 1478.66
ALLSHR	112,809.65 875.49M	0.16% 181.96
KSE30	58,207.71 147.51M	1.27% 729.47
KMI30	269,497.03 190.79M	1.15% 3053.85
KMIALLSHR	72,828.34 555.24M	0.32% 235.69
BKTi	53,520.37 33.89M	-0.06% -32.37
OGTi	38,886.75 10.61M	-1.00% -393.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,340.00	91,290.00 88,550.00	-105.00 -0.12%
BRENT CRUDE	66.29	66.30 64.29	2.23 3.48%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-3.00 -3.34%
ROTTERDAM COAL MONTHLY	98.50	0.00 0.00	-0.30 -0.30%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	61.28	61.36 59.52	1.92 3.23%
SUGAR #11 WORLD	14.73	14.98 14.72	-0.23 -1.54%