Karachi October 31 2023: Engro Corporation Limited has now entered into discussions with Liberty Power Tech Limited for the execution of a scheme of arrangement with the objective of forming a strategic equity partnership in relation to its thermal asset portfolio held through Engro Energy Limited.
The thermal asset portfolio comprises of Engro Powergen Qadirpur Limited, Engro Powergen Thar (Private) Limited and Sindh Engro Coal Mining Company Limited.
The consummation of the Proposed Arrangement remains subject to successful negotiations, execution of definitive documents and receipt of regulatory and third-party approvals and consents.
In case of any further material developments, the Company shall keep PSX informed accordingly.
