Engro Holdings (ENGROH): Divestment of Engro Eximp Agriproducts (Private) Limited - By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In a notice to exchange, Engro Holdings (ENGROH) informed that the Engro Corporation has entered into Share Purchase Agreement (&ldquo;SPA&rdquo;) for the sale of Engro Eximp Agriproducts (Private) Limited (EEAP).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The board of Directors of Engro Corporation has approved the decision of divestment of its stake in EEEAP. The share purchase agreement is made with MAP Rice Mills Pvt Ltd. (the Acquirer), an affiliate of Bestway Group.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The transaction is valued at Rs2.4bn, which is based on debt-free and cash-free valuation. The completion of the transaction is s...