Pakistan on Thursday appointed Citigroup, Goldman Sachs and BMA Capital Management to manage a sale of up to 15 percent of Oil and Gas Development Company Limited (OGDCL) through an issue of global depository receipts (GDRs) and a domestic offering.
Pakistan plans in June to sell between 10 percent and 15 percent, representing between 430 million and 645 million shares in OGDCL.
"Citigroup and Goldman Sachs will act as joint global co-ordinators and joint book-runners and BMA Capital Management will act as domestic joint lead manager," the Privatisation Commission said in a statement.
The government holds 95 percent stake in OGDCL, while the remaining 5 percent is listed on the Karachi Stock Exchange.
Comments
Comments are closed.