Following is the text of press release issued by JCR-VIS Credit Rating Company Limited
JCR-VIS Credit Rating Company Limited has placed the entity ratings of ‘A/A-2’ (Single A/A-Two) assigned to Linde Pakistan Limited (LPL), under ‘Rating Watch - Developing’ status on account of public announcements made by prospective acquirers in this regard, in the last few days, to acquire up to 60% shares or Control of LPL under Regulation 6 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2008 and Securities Act, 2015. The previous rating action was announced on January 19, 2017.
For more information, contact:
JCR-VIS Credit Rating Company Limited
VIS House, 128/C,
25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi
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