AL-Moiz Industries Ltd agreed to acquire 35% stake in Isis Central Sugar Mill Company Limited from shareholders of Isis Central Sugar Mill Company Limited for $16 million on July 6, 2019. As per the terms, AL-Moiz acquired at $10.45 per share of Isis Central. The transaction is subject to approval of shareholders of Isis Central Sugar Mill Company, Court approval, statutory approval, approval of the State Bank of Pakistan, consent of Commonwealth Bank of Australia. The transaction has been approved by the Board of Isis Central Sugar unanimously. The transaction is expected to be implemented in October 2019. KPMG Corporate Finance LLC acted as financial advisor, Johnson Winter & Slattery acted as legal advisor to Isis Central Sugar Mill Company and FTI Consulting, Inc. acted as financial advisor and Isaac West of Jones Day acted as legal advisor for AL-Moiz Industries Ltd, The Thal Industries Corporation and Naubahar Bottling Company (Private) Limited in the transaction.