Karachi July 19 2024: Fauji Fertilizer Company, the largest fertilizer manufacturer and seller in Pakistan, to evaluate potential amalgamation of its subsidiary Fauji Fertilizer Bin Qasim with and into the company, according to company filing to the exchange.
The Board of Directors of Fauji Fertilizer Company Limited, in their meeting held on July 19, 2024, have granted an in-principle approval to evaluate the potential amalgamation of Fauji Fertilizer Bin Qasim Limited with and into Fauji Fertilizer Company Limited by way of a scheme of arrangement. The potential amalgamation is expected to allow for certain synergies which are likely to add value to the combined enterprise, thereby potentially enhancing future returns to shareholders.
