Engro Corporation (ENGRO): ENGRO selling its thermal assets, one of the largest deal – By Topline Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro Corporation (ENGRO) in notice to exchange today
informed that Engro Energy Limited (EEL), a wholly owned subsidiary of ENGRO
has entered into definitive agreements with Liberty Power Holding (Pvt.)
Limited (wholly owned subsidiary of Liberty Mills Limited) for sell of its
entire: (1) 68.9% shareholding in Engro Powergen Qadirpur Limited (EPQL), (2)
50.1% shareholding in Engro Powergen Thar (Private) Limited (EPTL), and (3)
11.9% shareholding in Sindh Engro Coal Mining Company Limited (SECMC).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The transaction values of EEL’s shareholdings are as; (1)
EPQL: Rs7.5bn, (2) EPTL: Rs21.04bn, and (3) SECMC: Rs6.21bn with total value of
Rs35bn. T...
