Ashmore Funds to Sell Pakistan Coca-Cola Can Maker Stake Via IPO
Apr 22 2021, 10:31 PM
April 22 2021, 12:49 PM
April 22 2021, 10:31 PM
(Bloomberg) A group of funds managed by Ashmore Investment Management Ltd. are planning to sell part of their stake in drink packaging manufacturer Pakistan Aluminium Beverage Cans Ltd. in an initial public offering in June.
(Bloomberg) A group of funds managed by Ashmore Investment Management Ltd. are planning to sell part of their stake in drink packaging manufacturer Pakistan Aluminium Beverage Cans Ltd. in an initial public offering in June.
The U.K.-based asset managerâs funds are looking to sell a 26% stake in the firm through a first-time share sale in Karachi that could raise at least 3.3 billion Pakistani rupees ($22 million), PABC Chief Executive Officer Azam Sakrani said.
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