Merger of Companies in the Pakistan Pharmaceutical Sector: Lucky Core Industries Acquires Pfizer

Sunday, 8 September 2024, 23:21

Merger of companies marks a significant development in the Pakistan pharmaceutical sector. Lucky Core Industries Limited has successfully completed the acquisition of Pfizer’s Karachi facility and assets, showcasing the dynamic shifts within the pharmaceutical industry. This acquisition is poised to impact the companies listed on PSX and enhance the range of pharmaceutical products available.
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Merger of Companies in the Pakistan Pharmaceutical Sector: Lucky Core Industries Acquires Pfizer

The Impact of the Acquisition on the Pharma Sector

In a notable move, Lucky Core Industries Limited (formerly known as ICI Pakistan Limited) has announced the conclusion of its acquisition of Pfizer’s Karachi facility. This merger of companies signifies a pivotal moment in the Pakistan pharmaceutical sector, aiming to bolster its presence in the Pakistan Stock Exchange (PSX).

Details of the Acquisition

  • Completion of acquisition of Pfizer’s assets.
  • Strategic advantages for Lucky Core Industries.
  • Potential growth in pharmaceutical product offerings.

PSX Response to the Acquisition

The PSX notices regarding this acquisition reflect substantial interest among investors, as companies listed on PSX observe the ripple effects of such mergers. The transaction highlights the ongoing changes in the pharmaceutical industry and the likelihood of other acquisitions in the near future.


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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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