Friday 04, April 2008 by

Abraaj Capital acquires 40 per cent stake in Bosicor

Abraaj Capital, the premier investment firm specialising in private equity investment in the Middle East, North Africa and South Asia (MENASA) region, announced today that it has acquired a stake in the holding company of Bosicor Group (Bosicor), positioned to become one of Pakistan’s leading integrated oil companies. This stake will provide Abraaj with a 40 per cent shareholding in Bosicor’s two group companies: Bosicor Oil Pakistan Limited and Bosicor Chemical Pakistan Limited. Abraaj will also acquire a minority stake in Bosicor Pakistan Limited (BPL), equivalent to the shares acquired through a mandatory tender offer to be made to the other shareholders in BPL.

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