Merger News – FFC & FFBL potential amalgamation gets approved

By: Communicators – Business Team (July 19, 2024)

Editorial update (2 November 2026): The potential FFC–FFBL merger discussed in this July 2024 article subsequently proceeded. Pakistan Stock Exchange issued a notice on 30 December 2024 confirming that, following the merger of Fauji Fertilizer Bin Qasim Limited into Fauji Fertilizer Company Limited, FFBL would be delisted with effect from 31 December 2024. The original text records an earlier stage of the transaction. Further references: PSX — official FFBL delisting notice (30 December 2024).

The Board of Directors of Fauji Fertilizer Company Limited (FFC) have granted an approval to evaluate the potential amalgamation of Fauji Fertilizer Bin Qasim Limited (FFBL) with and into FFC by way of a scheme of arrangement. Currently, FFC holds a 49.88 percent stake in FFBL. Potential amalgamation is expected to result in synergies that are likely to add value to the combined enterprise.

The principal activity of the Company is manufacturing, purchasing, and marketing of fertilizers and chemicals, including investment in other fertilizers, chemicals, cement, energy generation, food processing, and banking operations. At the time of filing, FFC’s scrip at the bourse was Rs. 168.83, down 3.75 percent or Rs. 6.58 with a turnover of 1.47 million shares on Friday.

Source and context

The News — FFC and FFBL merger evaluation announced (20 July 2024). This reference relates to the reported development at the time. Consult later disclosures for any change in circumstances.

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