PAKISTAN
Clover Pakistan Limited is exploring the possibility of investing in or acquiring an Oil Marketing Company, according to a notice issued to the Pakistan Stock Exchange (PSX).
The company stated that during a meeting of its Board of Directors held at 12:00 P.M. on April 21, 2025, at its registered office, the management presented a potential opportunity to invest in or acquire a business engaged in oil marketing. Following this, the Board authorized the Company to assess the feasibility and viability of such an investment or acquisition.
Additionally, Clover Pakistan Limited has been permitted to evaluate funding sources for the potential transaction and to appoint advisors, valuators, and consultants for conducting the feasibility study. The Board has also authorized the company to undertake due diligence and valuation, finalize the deal structure, and prepare necessary documentation for further review.
This strategic move signals Clover Pakistan’s interest in expanding its footprint in the energy sector. – Engineering Review
