Karachi: In a move that could significantly alter the landscape of Pakistan’s port operations, Sea Link Group Limited, along with its associates including Euroasia Terminal (Pvt.) Limited, has announced its intention to acquire a substantial stake in Pakistan International Container Terminal Limited. According to a public announcement released on May 4, 2026, the acquisition will be executed under the regulations of the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
The acquisition plan, disclosed by Ktrade Securities Limited, acting as the Manager to Offer, involves the public offer to acquire up to 9,201,852 ordinary shares. These shares represent approximately 8.43% of the total issued share capital of Pakistan International Container Terminal Limited. This offer comes on the heels of an earlier announcement made on April 30, 2026.
According to information available from the Pakistan Stock Exchange (PSX), the Acquirer had previously entered into a Share Purchase Agreement with “ICTSI Limited” to secure 100% ownership of Innovest Mauritius Limited for a consideration of USD 200,000. Innovest Mauritius Limited currently holds 69,848,310 shares of the Target Company, amounting to a 63.99% shareholding. Additionally, Innovest Mauritius Limited wholly owns Aeolina Investments, which directly holds 17,155,639 shares, equating to a 15.72% shareholding. Through this agreement, the Acquirer has secured 87,003,949 shares, representing 79.71% of the Target Company’s shareholding.
The designated market category for this transaction involves the port and terminal management sector. The public offer price is set at PKR 42.13 per share for the 8.43% stake. The acquisition is structured through both a Share Purchase Agreement and a public offer, with the former accounting for a majority of the shares involved.
Sea Link Group Limited and Euroasia Terminal (Pvt.) Limited are under the same ultimate beneficial ownership, consolidating their interests in this strategic takeover. The move is anticipated to impact the operational dynamics of Pakistan International Container Terminal Limited, offering new opportunities for growth and development under the new ownership.