Wyeth Pakistan Limited’s sale by the company of its nutrition business
Karachi, October 30, 2012 (PPI-OT): We refer to our letter No. Fin. 118 dated 18 October wherein we had informed you that the Board of Directors of the Company have at their meeting held on 15 October 2012, decided to sell the Nutrition business carried on by the Company (including its inventory and related assets and goodwill) to Nestle Pakistan Limited for a consideration of the equivalent of US$ 2 million (approximately Rs. 190 million), which sale was expected to be completed by the end of this month.
However, the sale is now expected to be completed by the end of November 2012.
For more information, Contact:
Chairman/ Chief Executive
Wyeth Pakistan Limited
S-33, Hawks Bay Road, S.I.T.E.,
P. O. Box 167, Karachi – Pakistan
UAN: 111 777 333
Fax: +92 (0) 21-3235-4681