Lahore, August 19, 2020 (PPI-OT): AkzoNobel has increased its investment in AkzoNobel Pakistan Limited to greater than 96%. More than 80% of the minority shares have been acquired and the process of delisting from the Pakistan Stock Exchange has been completed.
This move further strengthens AkzoNobel’s presence in South Asia and helps to consolidate its position as a leader in the Pakistan paints and coatings market. The company will continue to provide customers in Pakistan with world-class products, solutions, and services. The share purchase process is ongoing and minority shareholders will be able to tender their shares until June 18, 2021.
For more information, contact:
Head Office,
AkzoNobel Pakistan Limited
346 Ferozpur Road, P O Box 273, Lahore – 54600, Pakistan
Tel: +92-42-111-551-111
Fax: +92-42-35835011
Email: communications.pakistan@akzonobel.com
Website: https://pk.akzonobel.com/