VHMEL to acquire 28.955 % shares of Pioneer Cement, Pakistan

VHMEL to acquire 28.955 % shares of Pioneer Cement, Pakistan
Published: 28 July 2009

Vision Holding Middle East Ltd (VHMEL), a company incorporated in British Virgin Islands has announced to acquire 28.955 percent shares of Pioneer Cement Ltd.
 
According to an intimation to KSE here Monday, the Foundation Securities Ltd, the local agent on VHMEL, said that the acquirer had already purchased 24.599 percent shares of Pioneer Cement at Rs 22 per share on June 18, 2009.
 
The company will start due diligence in next four months, to determine the final price per share for 28.955 per cent shares.