Done deal: OPI gets control of Shell Gas LPG

KARACHI: OPI Gas (Pvt) Limited has acquired 15.3 million shares as well as control of Shell Gas LPG (Pakistan), according to a notice sent to the Karachi Stock Exchange on Monday.

Total consideration for the purchase of 67.9 per cent stake in the company was Rs506 million or Rs32.91 per share.

A share purchase agreement was signed between OPI Gas and Shell Petroleum Company, the parent company of Shell Gas LPG, on June 16 for the acquisition . OPI Gas, an LPG marketing company, is a subsidiary of Hashoo Group.

Published in The Express Tribune, November 23^rd, 2010.