Done deal: OPI gets control of Shell Gas LPG
OPI Gas (Pvt) Limited has acquired 15.3 million shares as well as control of Shell Gas LPG (Pakistan).
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 23rd, 2010.
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