Privatisation board approves talks with consortiums for sale of OGDCL, PPL and UBL

Board apprises efforts made by Privatisation Commission on execution of approved privatization roadmap.


Web Desk April 22, 2014
Minister of State for Privatisation Muhammad Zubair chaired the fourth board meeting of the privatisation commission. PHOTO: NNI

ISLAMABAD: A board meeting of the privatisation commission on Tuesday approved initiation of contract negotiations for the sale of three companies.

Meeting under the chairmanship of Privatisation Commission chief Muhammad Zubair, the board was apprised on the shortlisted financial advisors for the transactions of Oil and Gas Development Company (OGDCL), Pakistan Petroleum Limited (PPL) and United Bank Limited (UBL) for approval.

On the basis of the technical and financial scoring, the board unanimously approved to initiate contract negotiations with a consortium that is composed of Merril Lynch International, Citigroup Global Markets Limited, KASB Bank Limited for OGDCL.

A consortium led Habib Bank Limited, Bank Alfallah Limited, Arif Habib Limited, Foundation Securities Private Limited, BMA Capital Management Limited for PPL.

A consortium composed of Credit Suisse, Arif Habib Limited and Elixir Securities for UBL as financial advisors.

COMMENTS (1)

Parvez | 7 years ago | Reply

PIA and Pak.Steel should have been forst on the block.........as they are losing money and are nothing but pits of corruption.

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

E-Publications

Most Read