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Engro Energy Sells Thermal Assets

by tribune.com.pk posted 3weeks ago 55 views
Real Assets
Strategic sale to Liberty consortium streamlines capital allocation. : Engro Energy Limited, a wholly owned subsidiary of Engro Corporation Limited, has entered into a Share Purchase Agreement with Liberty Power Holding (Pvt) Limited and a consortium for the sale of its thermal energy assets portfolio. The consortium comprises Liberty Mills Limited, Soorty Enterprises, and Procon Engineering through Master Group of Industries. The sale of thermal assets is part of Engro’s ongoing efforts to streamline and optimise capital and resource allocation.