United Distributors Pakistan Limited to divest equity shares of International Brands to Universal Ventures

Karachi, M/S United Distributors Pakistan Limited has announced the divestment of its equity shares in International Brands (Private) Limited. At a board meeting held on April 28, 2023, the company’s directors approved the sale of 11,079,852 shares, representing approximately 4.7% of the company’s total equity shares, to Universal Ventures (Private) Limited.

The company’s CEO and the Chairman of the Board Investment Committee have been authorized to negotiate the terms of the transaction and carry out the valuation, as well as prepare the necessary documents for the board’s consideration. The terms of the transaction were not disclosed.