Islamabad September 28 2023: Engro Corporation Limited (the “Company”) has entered into an in-principle understanding with a potential acquirer for the proposed divestment of the Company’s select thermal energy assets held through its wholly owned subsidiary, Engro Energy Limited, (“Proposed Transaction”) by way of a scheme of arrangement.
The consummation of the Proposed Transaction is subject to detailed due diligence, execution of definitive documents and receipt of regulatory and third-party approvals and consents.
