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Hascol to evaluate offer from Millat Global Holdings

Hascol to evaluate offer from Millat Global Holdings
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March 29, 2024 (MLN): The Board of Directors (BoD) of Hascol Petroleum Limited (PSX: HASCOL) has authorized the management to evaluate the purchase offer from Millat Global Holdings and to engage in further discussions to seek additional details and clarifications regarding the offer.

According to a notice issued by the company to PSX today, the board made this decision during their meeting held on March 28, 2024.

To recall, on December 18, 2023, HASCOL's board resolved to pursue a potential acquisition by Millat Energy Group, which expressed interest in acquiring a 76% stake in Hascol through a subscription to new shares.

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Posted on: 2024-03-29T09:33:06+05:00