Unilever Pakistan Foods Limited has received an intention from McCormick & Company, Inc. to acquire a significant stake in the company, aiming for control.
- McCormick & Company, Inc. intends to acquire at least 4,876,294 voting shares, representing approximately 76.55% of Unilever Pakistan Foods' paid-up capital.
- The proposed transaction exceeds the thresholds set by the Securities Act, 2015.
- This intention was communicated to the Board of Directors on October 21, 2026.
- The deal is in the public announcement stage, with further steps required for completion.
- Shareholders may view this as a positive development due to the substantial stake being acquired.