Karachi July 17 2023: A consortium of Pakistan Refinery Limited and Air Link Communication showed intention to acquire 77.42 percent stake of Shell Pakistan.
“Next Capital Limited (Manager to the Offer) has submitted a Public Announcement of Intention (“PAI”) on behalf of Pakistan Refinery Limited (“PRL”) and Air Link Communication Limited (“Air Link”) on July 17, 2023, to acquire 77.42% shares and control of Shell Pakistan Limited by PRL and Air Link under the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares & Takeovers) Regulations, 2017” states the companies.
