Overview
- The Privatisation Commission board endorsed Fauji Fertilizer Company’s entry after confirming it meets eligibility and regulatory requirements.
- The inclusion remains contingent on review by the Cabinet Committee on Privatisation followed by approval from the Federal Cabinet under the legal framework.
- Arif Habib Corporation, the lead and majority member, won the Rs135 billion bid for a 75% stake and can nominate up to two additional members under the SPSA.
- The expanded group includes Fatima Fertiliser, AKD Group, City Schools and Lake City, with FFC’s participation pending formal sign-off.
- First closing is due in late April, requiring payment of roughly two-thirds of the bid and a decision on purchasing the remaining 25% at a 12% premium, while the board also proposed revising its fee structure to strengthen the commission’s finances.