Wilmar Pakistan Holdings first announced its intention to acquire up to 277.1 million shares of Unity Foods in a public offer on March 19.
Following the conclusion of the offer, Wilmar Pakistan Holdings acquired 156.5 million shares for 4.28 Pakistani rupees or US$15.3 million ($20.7 million) while Unity Wilmar Agro acquired 2.0 million shares for 54.2 million Pakistani rupees or US$193,450.
Accordingly, Wilmar Pakistan Holdings’ direct interest in Unity Foods is raised to 34.84% while Unity Wilmar Agro’s stake in Unity Foods increased to 14.08%.
Shares in Wilmar closed 3 cents lower or 0.96% down at $3.10 on June 28.
