CCL Holdings Wants to Buy Control in Mitchells Fruit Farms Ltd

CCL Holdings Private Limited has submitted a public announcement of intention to acquire voting shares and control of Mitchells Fruit Farms Limited (PSX: MFFL), Arif Habib Limited (PSX: AHL) informed the main bourse on Wednesday. Arif Habib Limited has been appointed as the Manager to the Offer by CCL Holdings (Pvt.) Limited in accordance with the provision of the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. “On behalf of the Acquirer, we are pleased to submit a Public Announcement of Intention to acquire voting shares and control of Mitchells Fruit Farms Limited (the “Target Company”),” AHL added. Earlier today, MFFL said two of its key shareholders were exploring various strategic options, particularly a potential divestment of their entire 40.63 percent stake in the Company. MFFL is principally engaged in the manufacture and sale of various farm and confectionery products.