Islamabad November 21 2023: Fauji Foods Limited to acquire Fauji Foundation stake in Fauji Infravest Foods Limited and Fauji Foundation cereal business, according to company filing to the exchange.
Fauji Foods Limited disclose potential interest in: (i) acquisition of Fauji Foundation's equity stake in Fauji Infraavest Foods Limited; and (ii) acquisition of Fauji Foundation's cereal business operating under the name Fauji CereaIs.
The potential transactions are subject to all internal, regulatory and third-party approvals. We will inform the Pakistan Stock Exchange as and when there is any material update with respect to the aforesaid.
Fauji Infraavest Foods Ltd is joint venture between Fauji Foundation and Infraavest group (Singapore).Fauji Infraavest is a newly established food company whose aim is to provide its consumers with the best quality products starting with our most awaited pasta range on our latest state of the art Italian plant to provide our consumers with the most exquisite Italian food experiences.
Fauji Cereals (established in 1954), a fully owned company of Fauji Foundation (The largest national business group) in collaboration with Quaker Oats, England started trial production operation by end 1956. It is one of the pioneer commercial ventures of Fauji Foundation.