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Companies / Pakistan

Pakistan's OGDC is ready for a London listing

August 2006 | Company News Alert

Plans are going ahead for the London listing of the Oil and Gas Development Corporation (OGDC) of Pakistan. OGDC, the largest oil exploration and production (E&P) company in the Pakistan oil and gas sector, is currently 95% owned by the Government of Pakistan (GoP) with the remaining 5% listed on the Karachi Stock Exchange (KSE). The GoP intends a strategic sale of a 51% shareholding in the company, along with the transfer of management control. A consortium comprising Citigroup, Goldman Sachs and the domestic BMA Capital Management has been appointed as advisers for the

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