Pakistan can-maker to sell 26pc stake through IPO

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Pakistan Aluminium Beverage Cans (PABC) is to raise at least Rs3.3 billion through the sale of a 26% stake controlled by one of its major shareholders in an initial public offering (IPO). The book building will take place on June 22-23 followed by public subscription on June 29-30. Through the IPO, Ashmore Mauritius PABC, a…

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