TMCNet:  4th board meeting of Privatization Commission held

[April 23, 2014]

4th board meeting of Privatization Commission held

(Daily Messenger (Pakistan) Via Acquire Media NewsEdge) The 4th board meeting of the Privatization Commission was held here Tuesday with its chairman Muhammad Zubair in the chair.

The board was apprised on the efforts made by the Privatization Commission on the execution of the approved privatization roadmap and was presented with the results of the short listed financial advisors for the transactions of Oil & Gas Development Company (OGDCL), Pakistan Petroleum Limited (PPL) and United Bank Limited (UBL) for approval.

The board on the basis of the technical and financial scoring unanimously approved to initiate the contract negotiations with the consortium of Merril lynch International, Citigroup Global Markets Limited, KASB Bank Limited for OGDCL, Habib Bank limited, Bank Alfallah limited, Arif Habib Limited, Foundation Securities (Pvt) Limited, BMA Capital Management Limited for PPL and consortium of Credit Suisse, Arif Habib Limited and Elixir Securities for UBL, as financial advisors.

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