Tundra Fonder, a Sweden based fund with years of experience of investing in Pakistan just share this very interesting news from Pakistan:
Friesland Campina, one of the 5 largest dairy producers in the world, today expresses its intent to buy 51% of Engro Foods, Pakistan’s leading dairy producer and one of the largest listed companies (Mcp just north of USD 1 bn).
If successful another milestone in Pakistan’s financial market paving the way for many more.
Pakistan (PSX) today +1%. Both Engro Foods and its parent Engro Corp limit up (+5%).