As per Listed Companies (Substantial Acquisitions of Voting Shares and Takeover) Regulations 2008, Lucky Cement Limited announces intention to carry out due diligence of ICI Pakistan Limited for potential acquisition of 75.81% shares.
This announcement is in line with ICI demerger process being carried out by AkzoNobel which intends to separate Paint and Non-Paint businesses of ICI into two listed companies namely, AkzoNobel Pakistan Limited and ICI Pakistan Limited, respectively.
Click here to read our previous post for details of demerger of ICI Pakistan Limited.
Source: Karachi Stock Exchange
UPDATE: Nishat Mills Limited have also announced their interest in ICI Pakistan Limited.
