stake

$2 billion is at stake as companies seek to impose deep-sea mining rules by 2025 – Trendy Blogger

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billion is at stake as companies seek to impose deep-sea mining rules by 2025 – Trendy Blogger

Companies investing heavily in exploring for precious seabed minerals have urged the International Seabed Authority (ISA) to adopt long-awaited deep-sea mining regulations by 2025, highlighting concerns about the lack of a legal framework. Under UNCLOS, the Homeland Security Agency, based in Jamaica, is charged with protecting the seabed in areas beyond national jurisdiction and supervising … Read more

The Minister of Petroleum denies the Council of Ministers’ approval to sell a 15% stake in Rico Deck Company to Saudi Arabia – Trendy Blogger

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The Minister of Petroleum denies the Council of Ministers’ approval to sell a 15% stake in Rico Deck Company to Saudi Arabia – Trendy Blogger

Petroleum Minister Mosaddeq Malik said discussions with Saudi Arabia regarding the sale of shares in the Reko Diq mine are progressing positively, with the deal expected to be completed soon. Speaking about reports about the federal cabinet approving the sale of a 15% stake, Malik denied the allegations and termed them untrue. He added: “The … Read more

The Cabinet approves the sale of a 15% stake in Reco Deck Company to Saudi Arabia – Trendy Blogger

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The Cabinet approves the sale of a 15% stake in Reco Deck Company to Saudi Arabia – Trendy Blogger

ISLAMABAD: The Federal Cabinet has approved the sale of a 15% stake in the Reko Diq project to Saudi Arabia for $540 million under the Intergovernmental Commercial Transactions Act. According to industry sources, the Federal Cabinet has now allowed the Saudi government to acquire the shares through a direct deal, and the move is seen … Read more

Thatta Cement acquires an additional 26.09% stake in Thatta Power – Trendy Blogger

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Thatta Cement acquires an additional 26.09% stake in Thatta Power – Trendy Blogger

Thatta Cement Company Limited has successfully acquired 12,500,000 shares in Thatta Power (Pvt) Ltd, representing an ownership stake of 26.09% in the company, according to a filing made with the Pakistan Stock Exchange on Tuesday. As a result, Thatta Cement’s total shareholding in Thatta Power increased to 88.52%. This acquisition reflects Thatta Cement’s strategic move … Read more

An OGDCL-led consortium wins a bid for a 49% stake in the Meran area – Trendy Blogger

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An OGDCL-led consortium wins a bid for a 49% stake in the Meran area – Trendy Blogger

Oil and Gas Development Company Limited (OGDCL), along with its consortium partners Pakistan Petroleum Limited (PPL) and Government Holding Company (Private) Limited (GHPL), has successfully acquired a 49% working interest in the Miran Block. The exploration and production giant shared this development with the Pakistan Stock Exchange (PSX) through a notification on Wednesday. “We are … Read more

Searle denies his desire to acquire a stake in Abbott Laboratories – Trendy Blogger

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Searle denies his desire to acquire a stake in Abbott Laboratories – Trendy Blogger

Searle Company Limited has officially denied rumors circulating on social media, especially WhatsApp, regarding its alleged interest in acquiring a 51% stake in Abbott Laboratories. In an official clarification issued by the company, Searle categorically denied any discussions, negotiations or interest in acquiring the Abbott Laboratories stake. “We refer to the recent news circulating on … Read more