{"id":99424,"date":"2024-09-20T17:19:08","date_gmt":"2024-09-20T12:19:08","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99424"},"modified":"2024-09-20T17:19:10","modified_gmt":"2024-09-20T12:19:10","slug":"shell-pakistan-shares-soon-acquired","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/shell-pakistan-shares-soon-acquired.html","title":{"rendered":"Shell Pakistan acquisition: Wafi Energy makes headway in public offer"},"content":{"rendered":"\n<p>Islamabad: A Saudi-based oil company Wafi Energy has conditionally advanced in its public offer to acquire shares of Shell Pakistan Limited, following the expiration of the acceptance period on Thursday. The news has been sourced from an article featured on September 20.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/massive-oil-and-gas-reserves-found-in-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\">Massive oil, gas reserves found in Pakistani territorial waters<\/a><\/p>\n\n\n\n<p>In a notification to the Pakistan Stock Exchange (PSX) on Friday, Arif Habib Limited, the offer\u2019s managing firm, stated that the acceptance period for the Public Offer ended on September 19, 2024. During this time, the number of shares tendered did not meet the public offer threshold of 24,162,179 but exceeded the minimum required for the conditional offer at 16,913,525.<\/p>\n\n\n\n<p>Wafi Energy launched this public offer in July 2024, seeking to acquire up to 24,162,179 ordinary shares of Shell Pakistan Limited, which represents approximately 11.29% of the company&#8217;s shareholding. This potential acquisition marks a significant shift in Shell Pakistan&#8217;s ownership structure. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/gwadar-oil-refinery-team-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\">Gwadar oil refinery: Chinese team arrive in Pakistan\u00a0<\/a><\/p>\n\n\n\n<p>As per the announcement, all shareholders who submitted their shares will be considered successful, pending the completion of the necessary formalities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: A Saudi-based oil company Wafi Energy has conditionally advanced in its public offer to acquire shares of Shell Pakistan Limited, following the expiration of the acceptance period on Thursday. The news has been sourced from an article featured on September 20. Read: Massive oil, gas reserves found in Pakistani territorial waters In a notification to the Pakistan Stock Exchange (PSX) on Friday, Arif Habib Limited, the offer\u2019s managing firm, stated that the acceptance period for the Public Offer ended on September 19, 2024. During this time, the number of shares tendered did not meet the public offer threshold of 24,162,179 but exceeded the minimum required for the conditional offer at 16,913,525. Wafi Energy launched this public offer in July 2024, seeking to acquire up to 24,162,179 ordinary shares of Shell Pakistan Limited, which represents approximately 11.29% of the company&#8217;s shareholding. This potential acquisition marks a significant shift in Shell Pakistan&#8217;s ownership structure. Read: Gwadar oil refinery: Chinese team arrive in Pakistan\u00a0 As per the announcement, all shareholders who submitted their shares will be considered successful, pending the completion of the necessary formalities.<\/p>\n","protected":false},"author":88,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[59453,59451,59452,58585],"persona":[],"class_list":{"0":"post-99424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-pakistan-stock-exchange-psx-2","9":"tag-shell-pakistan-limited","10":"tag-wafi-energy","11":"tag-zameen-news-and-updates","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shell Pakistan&#039;s Shares Soon to Acquired- Zameen News<\/title>\n<meta name=\"description\" content=\"Saudi oil company Wafi Energy moves forward with its offer to acquire shares of Shell Pakistan Limited after the acceptance period expired.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/shell-pakistan-shares-soon-acquired.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shell Pakistan&#039;s Shares Soon to Acquired- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Saudi oil company Wafi Energy moves forward with its offer to acquire shares of Shell Pakistan Limited after the acceptance period expired.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/shell-pakistan-shares-soon-acquired.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-20T12:19:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-20T12:19:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/GoP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Shell Pakistan's Shares Soon to Acquired- Zameen News","description":"Saudi oil company Wafi Energy moves forward with its offer to acquire shares of Shell Pakistan Limited after the acceptance period expired.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/shell-pakistan-shares-soon-acquired.html","og_locale":"en_US","og_type":"article","og_title":"Shell Pakistan's Shares Soon to Acquired- Zameen News","og_description":"Saudi oil company Wafi Energy moves forward with its offer to acquire shares of Shell Pakistan Limited after the acceptance period expired.","og_url":"https:\/\/www.zameen.com\/news\/shell-pakistan-shares-soon-acquired.html","og_site_name":"Pakistan Real Estate News &amp; 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