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	170,313.86 435.47M	-0.08% -133.44
ALLSHR	103,015.58 1,065.49M	0.03% 32.70
KSE30	51,854.06 241.67M	0.04% 22.42
KMI30	242,259.69 133.89M	-0.76% -1853.91
KMIALLSHR	66,724.18 452.80M	-0.67% -452.45
BKTi	46,861.43 131.81M	1.70% 784.69
OGTi	33,615.26 10.50M	-1.02% -347.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,480.00	90,565.00 86,245.00	-1315.00 -1.50%
BRENT CRUDE	59.79	60.40 59.25	0.87 1.48%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.15 2.42%
ROTTERDAM COAL MONTHLY	96.50	96.50 95.90	0.85 0.89%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	55.96	56.58 55.08	0.83 1.51%
SUGAR #11 WORLD	14.78	14.89 14.72	-0.04 -0.27%