Friday, March 30, 2012

International Finance Corporation to invest $15.4 million in Multinet Pakistan

The International Finance Corporation (IFC), a US-based investment company that invests in infrastructure, health, and education sectors, is planning to invest $15.4 million in Multinet Pakistan (Private) Limited, a Pakistan-based Internet service provider for carriers and enterprise.

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Caltex Pakistan Assets Being Sized Up by Buyers

- Chevron’s reported plans to exit Pakistan’s downstream space will eventually benefit existing players as the govt. focuses on key issues faced by the industry in an effort to improve the operating environment.

- Increase in the marketing margin remains a key demand even after last years’ 30‐35% upgrade, in our view. Our sensitivity analysis yield 3‐7% upside to earnings of PSO and APL for every 10% increase in margin.

- We believe the downstream industry will undergo a consolidation phase over the medium term despite pockets of growth opportunities across fuel oil segment.

- Exit of Chevron and acquisition by an existing player is unlikely to have any implication on prices and margin as most fuel products are regulated.

- While we do not rule out the possibility of new player entering the market, APL and Byco appear to be key contenders among existing players.
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Tuesday, March 27, 2012

Increasing trend of international investments in Agriculture sector of Pakistan

Deal Idea, 27 Mar 2012: Pakistan, on an average, produces over 20 million tones of wheat, 50 million tones of sugarcane, and is one of the leading producers of orange varieties and rice in the world. It is also the fifth largest producer of milk having the world third largest herd of animals, approximately 50 million dairy animals. It ranks in the top five producers of the world in mangoes and dates. These crops contribute directly or indirectly more than 70% of total national exports.

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Monday, March 26, 2012

Cyan Limited and Dawood Hercules Corporation acquires 17.4% shares in Hub Power Co. for approx PKR 6.3 billion

The management of Cyan Limited (a company in the business of investments in private and public equities) has taken up 23.26 million shares of Hub Power Co. (HUBC) through Share Purchase Agreement (SPA) from the National Power International Holdings BV (NPIH) at a price of PKR 31.0.
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Sunday, March 25, 2012

Review of Mergers and Acquisitions (M&A) Market of Pakistan - 2011

Note: PSO/PRL deal was announced but not consumated
M&A Target Sectors

Deal Rationale

Note: This research is based on information disclosed in various public sources hence completeness is not guaranteed.

Tuesday, March 6, 2012

ICTSI to acquire 35% to 55% in Pakistan International Container Terminal Limited

MANILA, Philippines - A unit of International Container Terminal Services Inc. (ICTSI) is acquiring a stake in a Pakistan container cargo terminal.

In a disclosure to the Philippine Stock Exchange, ICTSI said its indirect, wholly-owned subsidiary ICTSI Mauritius Ltd. intends to acquire 35 to 55% of the issued and paid-up shares of Pakistan International Container Terminal Ltd. (PICT).
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