date:Mar 07, 2016
e next five years.
The 51% stake would translate to about 391 million shares and due diligence may begin shortly.
Engro Corp owns more than 87% in its wholly owned Pakistan unit.
Citigroup Global Markets in London, UK, is serving as the financial adviser for the acquisition.
Friesland detailed its Asian plans in its accounts last year, which was published this week.
The company had seen net earnings of 343m, and a 7.8% increase in sales volume, which negated the impacts of a tough period in