Material Information of Engro Foods Limited

Material Information of Engro Foods Limited

December 19, 2016 | | Share:

Karachi, Engro Foods Limited informed Pakistan Stock Exchange that they have received the attached notice from FrieslandCampina Pakistan B.V in respect of the completion of its acquisition of (i) 361,299,052 shares of the Company (47.1%) from Engro Corporation Limited and (ii) 29,664,947 shaes of the Company (3.9%) through a mandatory tender offer under the Securities act, 2015. Engro Foods Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Ordinance, 1984. The business of the company is associated with manufacturing, processing and selling dairy products, juices, ice cream and frozen desserts. Besides this the company also owns and operates a dairy farm. The company operates internationally and is tagged as a halal food producer. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located in Karachi. The company is a subsidiary of Engro Corporation Limited. The company owns processing units located in Sukkur and Sahiwal. Most renowned brands to name a few of the company are Olper’s, Olwell, Tarang, Omore and Owsum. The symbol “EFOOD” is being used by the stock exchange for the shares of Engro Food Limited.

Category: Material Information