The final purchase price for acquisition of a 75.81 percent shareholding of ICI Pakistan Limited by Lucky Cement in consortium with other group entities of Yunus Brothers Group has been adjusted at Rs 13.053 billion translating into Rs 186.42 per share of ICI Pakistan.
This was announced by Lucky Cement in an information sent to Karachi Stock Exchange (KSE) regarding signing of a Share Purchase Agreement by Lucky Cement in consortium with other group entities of Yunus Brothers Group with ICI Omicron B.V. a wholly owned subsidiary of AkzoNobel N.V. Netherlands for the acquisition of a 75.81 percent shareholding of ICI Pakistan Limited.
"This is to inform that adjustment to the initial bid value has now been determined and agreed between the seller and purchasers as per terms of the Shares Purchase Agreement and the adjusted final purchase consideration is Rs 13,053,115,014, which will translate into Rs 186.42 per share of ICI Pakistan Limited," it added.
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