Siemens AG acquires additional 13.85 stake in SIEM

MG News | November 01, 2024 at 04:55 PM GMT+05:00

0:00

November 01, 2024 (MLN): Siemens Aktiengesellschaft has entered into a Share Purchase Agreement with National Investment Trust Limited (NIT) to acquire all shares of Siemens (Pakistan) Engineering (SIEM), representing approximately 13.85% of the issued and paid-up capital.

According to a notice issued by SIEM, its parent company, Siemens Aktiengesellschaft, already owns a 74.65% shareholding.

The transaction has an aggregate deal value of Rs1,732,198,276.

Accordingly, the settlement will occur in due course, in compliance with the applicable laws of Pakistan.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,188.53 234.70M	0.93% 1496.04
ALLSHR	98,429.46 635.18M	0.52% 510.22
KSE30	49,735.93 108.72M	1.34% 655.86
KMI30	232,829.71 86.13M	1.15% 2645.61
KMIALLSHR	63,800.86 233.22M	0.53% 337.97
BKTi	44,493.13 46.30M	1.35% 594.19
OGTi	31,741.52 12.64M	1.02% 319.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,170.00	90,460.00 86,250.00	2750.00 3.15%
BRENT CRUDE	62.77	62.86 62.11	0.29 0.46%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.10 0.12%
ROTTERDAM COAL MONTHLY	96.00	96.00 96.00	0.00 0.00%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	58.34	58.43 57.66	0.39 0.67%
SUGAR #11 WORLD	15.12	15.19 14.86	0.21 1.41%