Acquisitions and Mergers

1. A Dutch dairy cooperative (Friesland Campina) is set to buy out food (51% Share) giant
Engro Foods Limited with an investment of around $460million

2. Bahria Town Ltd 71.16 per cent shares acquired a majority shareholding in Escorts
Investment Bank, a non-banking finance company.

3. Turkish company Arçelik A.S. Acquired Pakistan’s home appliances brand Dawlance, for the
$243-million.

4. The State Bank of Pakistan (SBP) acquired the banknote- and prize bond-printing functions
of Pakistan Security Printing Corporation (PSPC) from the federal government.

5. Shanghai Electric Power Co Ltd had received approval from the Competition Commission of
Pakistan (CCP) to acquire K-Electric Limited.

6. Meezan Bank acquired HSBC Pakistan

7. FINCA acquired Kashf Bank

8. BankIslami to acquired Citibank

9. Mobilink, Warid become Jazz after merger

10. KSE, LSE and ISE merged into Pakistan Stock Exchange

11. MCB Bank and NIB Bank approved the amalgamation scheme through a share swap
arrangement.

12. Bahrain-based Al Baraka Banking Group, one of the Gulf’s top Islamic banks, merged with
Burj Bank to create an institution with assets totalling more than $1.1 billion.

13. Summit Bank Ltd (SBL) merged with Sindh Bank

Prepared By:
TaQee