Karachi, October 25, 2012 (PPI-OT): This is to inform you that consequent to proposed global acquisition of Pfizer Nutrition business by Nestle S.A., Switzerland, Pfizer’s Nutrition business in Pakistan, which is currently being managed by Wyeth Pakistan Limited, will be transferred to Nestle Pakistan Limited (NESTLE).
Completion of the global transfer of Pfizer Nutrition business is subject to several conditions precedent and regulatory approvals, which are currently in process. The information relating to proposed global transaction is already in public domain and any transfer of Pfizer Nutrition business in Pakistan by Wyeth Pakistan Limited to Nestle Pakistan Limited is subject to closing of the global transaction in due course.
We shall update you on the matter as soon as the relevant matters will be finally settled.
For more information, Contact:
Umar Shahzad
Corporate Secretariat Manager
Legal Affairs Department
Nestle Pakistan Limited
308-Upper Mall, P. O. Box: 874
Lahore-Pakistan, 74200 Pakistan
Tel: (92-42) 111-637-853
Fax: (92-21)35789303