Pakistan: FFC moves to acquire Agritech
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The Board of Directors of Fauji Fertilizer Company Limited (PSX: FFC) has approved the acquisition of shares and control in Agritech Limited (AGL), the company’s filing on PSX revealed today.
This acquisition is through the company along with any associated company(ies), any other shareholder(s) of the target, or any other person/entity, led by the company.
Subject to the completion of necessary corporate and regulatory formalities, the board has authorized the issuance of a Notice of Intention to AGL, PSX, and SECP.
They have also appointed Integrated Equities Limited as the Manager of the Offer (MTO) and approved the commencement of due diligence and the negotiation of acquisition terms.
Reference Link:- https://mettisglobal.news/ffc-moves-to-acquire-agritech/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
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