Acquisition

KARACHI, May 3: Al-Zamin Group has acquired Crescent Leasing Corporation Limited (CresLease, says a press release.

The Group constitutes Al-Zamin Leasing Modaraba, Zahidjee Textile Mills and their directors.

All regulatory approvals and legal procedures for the transfer of majority shareholding and management control of the company have since been completed and the incoming sponsors have acquired 77.43 per cent shareholding from various companies of Crescent Group and other independent shareholders.

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