Karachi December 30 2022: Hub Power informed that, subject to requisite regulatory processes, the Eni Transaction has now been completed, in their filing to the exchange.
“The successful completion of the Eni Transaction is a further testimony of our commitment to continuous growth, diversification of our portfolio and maximizing value to our shareholders. Through Prime, the Hub Power Company will further develop critical indigenous fuel sources for the country and work towards optimum utilization of
our natural resources. This will help in reducing the country’s reliance on imported fuel sources.” says Company’s Chairman Habibullah Khan.
Acquisition of Eni’s business in Pakistan (the Eni Transaction) by Prime International Oil and Gas Company Limited (Prime) which is a 50-50 joint venture between Hub Power Holdings Limited (a fully owned subsidiary of The Hub Power Company Limited) and Eni’s Employee Buy-out Group.
