Karachi: Unilever Pakistan Foods Limited, a prominent entity in the food sector, disclosed on October 21, 2026, that it has received a significant acquisition proposal from McCormick & Company, Inc. The American company has expressed its intention to acquire a substantial portion of Unilever Pakistan Foods Limited's voting shares, marking a potential shift in control of the Target Company.

According to the notification, McCormick & Company, Inc., either directly or through one of its affiliates, aims to acquire at least 4,876,294 voting shares, representing no less than 76.55% of the paid-up capital of Unilever Pakistan Foods Limited. This proposed transaction surpasses the thresholds set by Section 111 of the Securities Act, 2015.

The intention to acquire the shares was formally communicated to the Board of Directors of Unilever Pakistan Foods Limited on October 21, 2026. According to information available from the Pakistan Stock Exchange (PSX), the disclosure was made in compliance with the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The PSX has been requested to disseminate this information promptly to the shareholders of the Target Company. This includes placing the details on its website, posting on its notice board via the automated information system, and making an announcement at the exchange's premises.

This development is closely watched by market analysts and investors, given its implications for the food sector and the broader market dynamics. The transaction reflects a significant move by McCormick & Company, Inc., known for its global presence in the food and flavor industry, to enhance its footprint in Pakistan through this potential acquisition.