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Pearl Continental owner says ‘not a party’ to Thatta Cement-Fauji Foundation restructuring deal
Pakistan Services Limited, which owns and manages the Pearl Continental (PC) Hotels chain, said on Thursday it was not a party to, and had not been notified of, a definitive agreement between Thatta Cement Company Ltd (THCCL) and Fauji Foundation (FF) over its proposed restructuring. The response came a day after Thatta Cement disclosed to the Pakistan Stock Exchange that it had entered into a definitive agreement with Fauji Foundation in connection with the proposed restructuring of PSL. Pakistan Services said, “It has neither been notified of nor is it aware of the execution of any definitiv...
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