Azgard Nine to disinvest holding in PAFL
KARACHI: Azgard Nine Company has announced to disinvest its shareholding in Pak American Fertilizers Limited (PAFL). In a meeting on Friday board of directors of the company decided that the company would explore the possibility of disinvesting up to 24.99 percent of its shareholding in PAFL (presently wholly-owned subsidiary). The company will offload its holding by way of an offer for sale through a combination of private placement and an initial public offering at the domestic stock exchanges. staff report
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| Saturday, November 21, 2009
