Posts tagged as: Acquisition

Zong opts out of race for Warid’s acquisition

KARACHI: In a rather surprising move, China Mobile Pakistan, operating under the name of Zong in Pakistan, decided not to bid for Warid Telecom, sources in both the acquirer and the acquisition target confirmed. According to sources, Etisalat and Vimplecom were the only two groups fighting to take over 100% stake in Warid Telecom. Zong spokesperson […]

Acquisition of shares

KARACHI, Dec 29: ICI Pakistan announced on Saturday that the Lucky Holdings had completed the acquisition of shares of ICI Omicron B.V. in the company. The board of directors of ICI Pakistan had been reconstituted with Mohammad Yunus Tabba appointed chairman of the board and Mohammad Ali Tabba as Vice Chairman. Ali A Aga has […]

With HSBC acquisition, JS Bank shows its deal-making savvy

KARACHI:  Deal structure is not often an element of merger strategy that Pakistani corporations pay attention to; but with its acquisition of HSBC Pakistan, JS Bank has shown that paying attention can make all the difference in the world. The key element to the deal structure appears to be the pricing formula: JS Bank made […]

With HSBC acquisition, JS Bank shows its deal-making savvy

KARACHI:  Deal structure is not often an element of merger strategy that Pakistani corporations pay attention to; but with its acquisition of HSBC Pakistan, JS Bank has shown that paying attention can make all the difference in the world. The key element to the deal structure appears to be the pricing formula: JS Bank made […]

Acquisition : PARCO acquires Dutch-owned SHV Energy

KARACHI:  Pak-Arab Refinery Limited (Parco) has acquired SHV Energy Pakistan with effect from October 1, 2012. SHV Energy Pakistan was previously a 100% owned subsidiary of SHV Calor Asia BV (Netherlands) and is one of the largest liquefied petroleum gas (LPG) marketing and distribution companies in Pakistan. The company had been issued a licence for […]

Increasing number of varsities show rising interest in acquisition of education: Ibad

KARACHI: There has been an enhancement in aptitude towards acquisition of education in Sindh and a proof of this is increase in the number of universities in the province.   This was stated by the Governor of Sindh, Dr. Ishrat ul Ebad Khan, while speaking at the stone-laying ceremony of the new gate of the […]

Marri stresses acquisition of modern education

Karachi Sindh Information Minister Shazia Marri has said that knowledge was the only tool that could play a vital role in human progress and defend The News International – Karachi

Acquisition: Fauji Foundation only bidder for Askari Bank

KARACHI:  The Army Welfare Trust (AWT) has announced that it has only received a non-binding offer from Fauji Foundation for acquisition of the entire or partial stake of AWT in Askari Bank, says a notice issued to the Karachi Stock Exchange (KSE) on Wednesday. Army Welfare Trust holds 50.57% shares in Askari Bank. “An application […]

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