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Provider: Reuters Investment Profile
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Thatta Cement Company Ltd Announces Divestment by Arif Habib Corp Ltd and Related Entities

Wednesday, 6 Mar 2013 07:00pm EST 

Thatta Cement Company Ltd announced that Arif Habib Corporation Ltd (AHCL), Arif Habib Ltd (AHL), Arif Habib Equity (Private) Ltd (AHEPL) and Mr. Arif Habib (the Sellers) who hold 9,033,750 shares (9.06%), 2,684,026 shares (2.69%), 49,859,062 shares (50%) and 62,500 shares (0.06%) have entered into four separate Share Purchase Agreements (SPAs) for sale of 9,033,750 shares, 1,812,501 shares, 49,859,062 shares and 62,500 shares in the Company, respectively. The Buyers include Sky Pak Holding (Private) Ltd, Al-Miftah Holding (Private) Ltd, Rising Star Holding (Private) Ltd and Golden Globe Holding (Private) Ltd, which will buy 22,644,335 shares, 22,644,335 shares, 7,000,053 shares and 8,479,090 shares from the Sellers, respectively. The consideration is PKR 24.164 per share. 

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