Fauji Fertilizer Company Limited (PSX: FFC) has entered into a sale and purchase agreement with the National Bank of Pakistan (PSX: NBP) to acquire NBP’s entire shareholding in Agritech Limited (PSX: AGL).
The transaction includes the following securities:
- 106,014,632 ordinary shares
- 61,748,756 listed convertible non-voting redeemable cumulative preference shares
- 248,639,910 non-convertible redeemable cumulative preference shares with limited voting rights
This acquisition is part of FFC’s strategy to diversify its investments and strengthen its position in the agricultural sector. The move also marks a significant shift in Agritech Limited’s shareholder structure, following NBP’s decision to divest its holdings in the company.
The transaction has been executed in accordance with applicable regulations and represents a notable development in Pakistan’s corporate landscape.
