ISLAMABAD, April 5: The bidding for the sale of 100 per cent shares of E.M. Oil Mills and Industries Limited and acquisition of 61.8 per cent shares of Maqbool Company Limited will be held here on Saturday on ‘as is where is basis.

The Privatization Commission will transfer both these units to the successful bidders free from liabilities pertaining to the Government of Pakistan (GOP), loans relating to Ghee Corporation of Pakistan (GCP) and existing liabilities of the Central Board of Revenue (CBR).

Keeping in view the overwhelming response to this offer, the competent authority had decided to allow participation in the bidding also to all those parties who submit the processing fee and the earnest money by the last date. Eight parties have submitted their Expressions of Interest (EoIs) for E.M.Oil and Industries Limited, while four parties have expressed their interest for Maqbool Company Limited.

PC had invited EoIs from the prospective bidders for the sale of both the ghee units in February this year.