kzoNobel Sells Stake in ICI Pakistan for $152.5 Million

摘要

AkzoNobel says that it has reached an agreement to sell its 75.81% stake in ICI Pakistan to the Yunus Brothers Group (Karachi, Pakistan) for $152.5 million. The price represents a premium of 30% on ICI Pakistan's closing share price on July 27, AkzoNobel says. The transaction is expected to be completed toward the end of this year.