PAKISTAN > Dutch FrieslandCampina buys Majority Stake in Pakistan’s Engro Food

frieslandcampina FrieslandCampina, Netherlands based dairy cooperative has signed a share purchase agreement with Engro Corporation of Pakistan to acquire 51 per cent of the shares (about 391 million shares) in its subsidiary Engro Foods Limited. The deal is estimated to cost FrieslandCampina around $448 million and is also the largest private sector foreign direct investment (FDI) in Pakistan in recent years. With More …