Fauji Fertilizer Company Limited entered into a non binding letter of intent to acquire an unknown minority stake in Foundation Wind Energy-I Limited and Foundation Wind Energy-II Limited from Fauji Fertilizer Bin Qasim Limited.

Fauji Fertilizer Company Limited (KASE:FFC) entered into a non binding letter of intent to acquire an unknown minority stake in Foundation Wind Energy-I Limited and Foundation Wind Energy-II (Pvt) Limited from Fauji Fertilizer Bin Qasim Limited (KASE:FFBL) on April 2, 2021. The transaction is subject to regulatory and lender approvals. The transaction has been approved by board of Fauji Fertilizer Bin Qasim Limited.