NSPC to Re-Merge with PSPC
Deal News | Apr 09, 2025 | EIN
The Cabinet Committee on State-Owned Enterprises in Pakistan has approved the re-merger of the National Security Printing Company (NSPC) with the Pakistan Security Printing Corporation (PSPC). This re-merger, agreed to through a Share Purchase Agreement, involves the acquisition of NSPC at a valuation of approximately Rs 41,774 million. Additionally, the Committee sanctioned the Finance Division's purchase of a significant portion of shareholding in Zarai Taraqiati Bank Limited (ZTBL) from the State Bank of Pakistan, amounting to over Rs 62,934 million. On a separate note, the Committee addressed the Board restructuring of various energy and production corporations to ensure compliance with the updated State-Owned Enterprises Act and Policy 2023. The meeting reinforced the government's dedication to maintaining transparency and accountability within state-owned enterprises.
Sectors
- Financial Services
- Printing Industry
- Energy Industry
- Transportation Industry
Geography
- Pakistan – The location where the re-merger and board restructuring activities are taking place, involving state-owned enterprises.
Industry
- Financial Services – Involves acquisition of equity shares in ZTBL, a financial institution.
- Printing Industry – Relates to the re-merger of National Security Printing Company and Pakistan Security Printing Corporation.
- Energy Industry – Concerns restructuring of boards within power generation companies.
- Transportation Industry – Involves the classification of Pakistan Railways as strategic and essential.
Financials
- Rs 41,774 million – The valuation for the acquisition of NSPC by PSPC.
- Rs 8,472.914 million – The valuation for the Finance Division's purchase of SBP's equity shares in ZTBL.
- Rs 54,461.536 million – The valuation for the Finance Division's acquisition of SBP's preference shares in ZTBL.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| National Security Printing Company (NSPC) | Target Company | Company | A state-owned enterprise involved in security printing. |
| Pakistan Security Printing Corporation (PSPC) | Acquiring Company | Company | The company acquiring NSPC, owned by the State Bank of Pakistan. |
| State Bank of Pakistan (SBP) | Vendor | Company | The central bank involved in the transactions relating to NSPC and ZTBL. |
| Zarai Taraqiati Bank Limited (ZTBL) | Other Company | Company | A financial institution in which the Finance Division is acquiring shares. |
| Cabinet Committee on State-Owned Enterprises (CCoSOEs) | Government | Government | The committee approving the re-merger and acquisitions. |
| Muhammad Aurangzeb | Minister for Finance and Revenue | People | Chaired the meeting where approvals were given. |
| Ministry of Finance | Other Company | Government | Involved in executing the Share Purchase Agreement. |