Karachi: Clover Pakistan Limited has announced its strategic decision to invest in the liquefied petroleum gas sector, marking a significant expansion of its business interests. On May 25, 2026, the company disclosed its plan to acquire a 40% equity stake in Quick Gases (Private) Limited, a firm specializing in LPG storage, marketing, and distribution.

The decision was made during a board meeting held on the same date, where the Board of Directors provided in-principle approval for this acquisition. The move is aimed at gaining management control over Quick Gases, thereby allowing Clover Pakistan to influence the operational, financial, and strategic decision-making processes of the investee company.

According to information available from the Pakistan Stock Exchange (PSX), Clover Pakistan has been authorized to execute a Share Purchase Agreement (SPA) with the current shareholders of Quick Gases. This agreement is a critical step in acquiring the 40% equity stake. Furthermore, the management has been empowered to fulfill all necessary regulatory and statutory requirements as part of the acquisition process.

Quick Gases (Private) Limited is equipped with an OGRA construction licence and is engaged in developing facilities for LPG storage, marketing, and distribution. The infrastructure project includes capabilities for LPG storage and filling, setting the stage for commercial operations once completed.

Clover Pakistan has committed to keeping the stock exchange and other stakeholders informed about further developments as required by law. This strategic investment underscores Clover Pakistan's intent to diversify and strengthen its presence in the energy sector.