CHCC targets up to 75pc stake in NICL
KARACHI: Cherat Cement Company Limited (CHCC) expects to complete its takeover of NICL (Nimir Industrial Chemicals Limited) in the coming months, with its ownership stake projected to reach approximately 70 to 75 percent, including the tender offer. According...
KARACHI: Cherat Cement Company Limited (CHCC) expects to complete its takeover of NICL (Nimir Industrial Chemicals Limited) in the coming months, with its ownership stake projected to reach approximately 70 to 75 percent, including the tender offer. According to takeaways from the company’s analyst briefing, under the proposed acquisition, NICL’s existing management is expected to retain around 15 percent ownership....