Government sells Pakistan Petroleum stake at a premium

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Government sells Pakistan Petroleum stake at a premium

Rev Hui
June 30, 2014 11:30 AM
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The Pakistan government raised Pkr15.4bn ($153m) on June 30 by selling a 3.55% stake in Pakistan Petroleum at a premium to the stock’s market price – the first time it has managed to price a privatisation at a premium.

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