Mega Conglomerate to acquire 15.77% stake in Hubco

Mega Conglomerate – which has recently emerged on Pakistan’s investment horizon with diversified businesses and Haleeb Foods under its management control – will acquire a substantial shareholding in Hub Power Company (Hubco), chiefly from Dawood Hercules.

The conglomerate will possibly acquire a total of 15.77%, or 182.58 million shares, in Hubco from Dawood Hercules and Cyan Limited at Rs106.50 per share, according to notices sent to the Pakistan Stock Exchange on Thursday.

Published in The Express Tribune, 2nd February, 2018