Engro Corp business restructuring gets CCP approval
Approved transaction entails an internal group restructuring through a court-sanctioned
By Our Correspondent
July 14, 2024
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger for capital alloca-tion and resilience portfolio of M/s Dawood Hercules Corporation Ltd, M/s Engro Corporation Ltd and M/s DH Partners Ltd. According to a press release, the approved transaction entails an internal group restructuring through a court sanctioned scheme of arrangement under Sections 279 to 282 and 285(8) of the Companies Act, 2017.
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