Restructuring of Engro and Dawood to take effect from Jan 1, 2025
Staff Report: Regarding the restructuring of Engro Corp (ENGRO) and Dawood Hercules (DAWH), management stated that progress is in line with the timeline and will be effective from January 1, 2025. The divestment of thermal assets is in progress and subject to approval from the lenders. The company expects the deal to be finalized within…