Karachi, February 21, 2017: JCR-VIS Credit Rating Company Limited has placed the entity ratings of ‘A/A-2’ (Single A/A-Two) assigned to Linde Pakistan Limited (LPL), under ‘Rating Watch - Developing’ status on account of public announcements made by prospective acquirers in this regard, in the last few days, to acquire up to 60% shares or Control of LPL under Regulation 6 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2008 and Securities Act, 2015. The previous rating action was announced on January 19, 2017.
For further information on this rating announcement, please contact Mr. Jamal Abbas Zaidi (Ext: 207) or the undersigned (Ext: 201) at 35311861-70 (10 lines) or fax to 35311873.
Applicable Rating Criteria: Industrial Corporates (May 2016)
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