🚀 Material News · PKGP Pakgen Power Limited has announced its participation in a consortium for the privatisation of FESCO, following the receipt of a Request for Statement of Qualification from the Privatisation Commission.
- The consortium includes Pakgen Limited, Nishat Mills Limited, Lalpir Limited, Nishat Power Limited, Nishat Chunian Power Limited, Kohinoor Energy Limited, and Pak Elektron Limited.
- Pakgen Limited has been designated as the Lead Consortium Member to conduct all business on behalf of the consortium during the privatisation process.
- The transaction is subject to pre-qualification by the Privatisation Commission and requires corporate and regulatory approvals.
- As of now, no binding obligations have been assumed by the company regarding this transaction.
- The company will keep the Pakistan Stock Exchange informed of any material developments.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)