Pakistan’s Engro completes landmark block

Engro sold shares in its fertilizers subsidiary and raised $185 million in Pakistan’s largest ever block trade by a private company.

Pakistani food-to-energy conglomerate Engro Corp raised PRs19.3 billion ($185 million) on Tuesday by selling more than a quarter of its shareholding in Engro Fertilizers in the country’s biggest-ever block trade by a private company.

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