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Home - Business - Dutch company to buy Engro Foods Ltd for around $460 million

Dutch company to buy Engro Foods Ltd for around $460 million

ISLAMABAD: A Dutch dairy cooperative is set to buy out a Pakistani food company with an investment of around $460 million, if it happens, it will be largest private sector takeover by a foreign firm in the Pakistan’s history.

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FrieslandCampina International Holding BV intends to acquire a 51 per cent stake of Engro Foods Limited, one of the largest listed companies at the Pakistan Stock Exchange (PSX), notification on the bourse’s website said Thursday.

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The deal would bring at least investment of $460 million based on the Engro present stock value.

“Yes, it is the largest ever deal in the private sector,” analyst Faisal Shaji, head of research at Standard Capital Securities, said.

According to analyst Faisal Shaji, head of research at Standard Capital Securities, it is the largest ever deal in privates sector.

He further said that this deal will be observed by foreign investors, successful deal will help Pakistan and other investor will be attracted.

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