IGI Investments, Wholly Owned Subsidiary of the Company, Invests in Sanofi Pakistan through Investor Consortium Led by Packages Limited

Karachi, IGI Holdings Limited wholly-owned subsidiary, IGI Investments (Private) Limited, has disclosed material information about its investment in Sanofi Aventis Pakistan Limited (Sanofi Pakistan). According to the information, an Investor Consortium led by Packages Limited has acquired the entire 52.87% shareholding of Sanofi Foreign Participations B.V (Seller) in Sanofi Pakistan, and the transaction was executed on April 28, 2023, in accordance with the terms of the Share Purchase Agreement.

IGI Investments, being a subsidiary of the Company, has played a vital role in the acquisition of Sanofi Pakistan. The transaction is expected to benefit both the investor consortium and Sanofi Pakistan. The investor consortium will have a significant presence in the healthcare sector of Pakistan, and Sanofi Pakistan will have access to new resources, technologies, and business opportunities.

This investment by IGI Investments demonstrates the Company’s commitment to expanding its portfolio and investing in strategic ventures. It is a significant step towards achieving the Company’s goal of becoming a leading player in the healthcare industry.

The Company’s management has expressed their satisfaction with the investment and the successful completion of the transaction. They have stated that they will continue to pursue opportunities for growth and expansion in line with the Company’s vision and mission.