Engro Corporation Limited (PSX: ENGRO) has reached a preliminary agreement with a potential buyer to divest its specific thermal energy assets through a scheme of arrangement, as disclosed in the company’s recent filing on the PSX. These assets are currently under the ownership of its wholly-owned subsidiary, Engro Energy Limited. The completion of this transaction is contingent upon thorough due diligence, final document execution, and obtaining the necessary regulatory and third-party approvals. The company pledges to keep the PSX informed of any significant developments in this matter.
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