Karachi, January 19, 2017: JCR-VIS Credit Rating Company Limited (JCR-VIS) has noted the announcement relating to a potential divestment of The BOC Group Limited (BOC), a wholly owned subsidiary of Linde AG, Germany, from Linde Pakistan Limited (LPL); majority shares of LPL are held by BOC. Divestment is currently in its preliminary evaluation stages and no binding agreement or arrangement has been entered into by BOC. JCR-VIS will await strategic announcements, if any, from the sponsor.
For further information on this rating announcement, please contact the undersigned (Ext: 201) or Mr. Jamal Abbas Zaidi (Ext: 207) at 92-21-35311861-70 or fax to 92-21-35311873.
Applicable Rating Criteria: Industrial Corporates (May 2016)
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