The board of directors of Dawood Hercules Corporation has accepted an offer received from Mega Conglomerate (Private) Limited pursuant to which the Mega Conglomerate has agreed to purchase entire share holding of Dawood Hercules in the Hub Power Company at a purchase price of Rs 106.50 per share.
The consumption of the proposed transaction shall be subject to the procurement of all the applicable regulatory and corporate approvals as may be required, Dawood Hercules Corporation said this in a notice sent to Pakistan Stock Exchange on Thursday.