PC appoints Lead managers for PPL Secondary Public Offering – Alfalah Securities Limited

Karachi: The Privatization Commission of Pakistan has appointed a consortium of Lead managers and book runners for the Secondary Public Offering of 2.5% government’s holding in Pakistan Petroleum Limited (PPL).

According to Alfalah Securities Limited, the Commission has appointed the consortium upon receiving Expression of Interests (EoI) comprising of National Bank of Pakistan, Habib Bank Limited, Arif Habib Limited and Foundation Securities Pvt. Limited. The divestiture of government’s holding in PPL would bring private management into action which would be beneficial for State Owned Enterprises.