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	156,177.82 367.85M	-0.00% -3.12
ALLSHR	95,630.38 1,498.37M	-0.06% -60.44
KSE30	47,678.47 206.79M	-0.08% -35.92
KMI30	229,682.22 174.86M	-0.02% -39.87
KMIALLSHR	64,366.76 638.47M	-0.08% -53.31
BKTi	41,922.80 89.51M	-0.11% -46.72
OGTi	31,735.79 16.87M	-0.80% -255.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,220.00	117,295.00 116,115.00	1395.00 1.20%
BRENT CRUDE	67.91	68.59 67.62	-0.56 -0.82%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.80	63.80 63.59	-0.25 -0.39%
SUGAR #11 WORLD	16.23	16.59 16.23	-0.33 -1.99%