WAFI Energy LLC replaced by Wafi Energy Holding to acquire 77.42% stake in Shell Pakistan

MG News | April 04, 2024 at 11:30 AM GMT+05:00

0:00

April 04, 2024 (MLN): Due to a change in the capital ownership structure of WAFI Energy LLC, a new foreign entity called "Wafi Energy Holding Limited" will now replace WAFI Energy LLC as the acquirer for this acquisition of 77.42% shares of Shell Pakistan Limited (PSX: SHEL) , with Asyad Holding acting in concert.

Arif Habib Limited (PSX: AHL), the manager of the offer, informed through its latest filing on PSX today.

As a result, AHL has submitted the addendum on behalf of Wafi Energy Holding Limited for the acquisition of the target company.

To recall, on October 31, 2023, WAFI Energy LLC, submitted a public announcement of Intention to acquire up to 77.42% shares of SHEL.

This was hinted by Mettis Global earlier in June, suggesting that Saudi Wafi Energy may potentially acquire SHEL’s stake in the country.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,159.07 164.50M	-0.40% -644.09
ALLSHR	98,420.39 578.66M	-0.44% -432.03
KSE30	49,218.89 73.58M	-0.56% -278.46
KMI30	232,543.18 52.68M	-0.84% -1975.84
KMIALLSHR	64,102.30 236.49M	-0.63% -407.86
BKTi	45,288.41 27.32M	-0.90% -411.32
OGTi	31,205.98 3.17M	-0.95% -300.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	104,800.00	107,770.00 104,515.00	-2270.00 -2.12%
BRENT CRUDE	64.57	64.80 64.50	-0.32 -0.49%
RICHARDS BAY COAL MONTHLY	86.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	96.80	98.00 95.70	0.10 0.10%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.74	61.03 60.66	-0.31 -0.51%
SUGAR #11 WORLD	14.68	14.73 14.36	0.25 1.73%