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Pearl Continental owner in major shake-up as Thatta Cement, Fauji Foundation ink deal
Thatta Cement Company Limited has entered into a definitive agreement with Fauji Foundation in connection with the proposed restructuring of Pakistan Services Limited, which owns and manages the chain of Pearl Continental (PC) Hotels. The cement maker disclosed the development in a filing to the Pakistan Stock Exchange on Wednesday. “Thatta Cement Company Limited has entered into a definitive agreement with Fauji Foundation in relation to the proposed restructuring of Pakistan Services Limited, subject to the requisite corporate, regulatory and other necessary approvals,” read the notice. The ...
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