ISLAMABAD: Eight parties have shown interest in acquisition of stakes of Pakistan International Airlines (PIA)
According to Privatisation Commission, it had invited EOIs for divestment of 51 to 100 % share capital of Pakistan International Airlines Corporation Limited (PIACL) together with management control. Today, 19th June,2025 was the last day for submission of Statement of Qualifications (SOQs) in connection with the 2nd attempt for the Divestment of PIACL. The Privatisation Commission received Expression of Interest (EOI) from the following eight interested parties:
1-Consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited and Metro Ventures (Private) Limited
2- Consortium comprising of Arif Habib Corporation Limited, Fatima Fertilizer Company Limited, City Schools (Private) Limited and Lake City Holdings (Private) Limited
3- AKD Group
4- Air Blue Limited
5- Consortium comprising Augment Securities & Investments (Private) Limited and Serene Air (Private) Limited (Equitas LLC Capital Group)
6- Habib Rafique Engineering (Pvt.) Limited
7- Fauji Fertilizer Company Limited
8- Sardar Muhammad Ashraf D. Baloch (Pvt.) Limited
Out of the eight interested parties the following five interested parties submitted SOQs by the deadline today:
1- Consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited and Metro Ventures (Private) Limited
2- Consortium comprising of Arif Habib Corporation Limited, Fatima Fertilizer Company Limited, City Schools (Private) Limited and Lake City Holdings (Private) Limited
3- Fauji Fertilizer Company Limited
4- Air Blue
5- Consortium comprising Augment Securities & Investments (Private) Limited and Serene Air (Private) Limited, Bahria Foundation, Mega C&S Holding, Equitas Capital LLC
The SOQs submitted by the parties will be evaluated by the Privatisation Commission against the prequalification critera and the prequalified parties will proceed to the next stage where they will be given access to the virtual data room to undertake buy-side due diligence.
