By an OGJ correspondent
KARACHI, Dec. 21 -- OPI Gas (Pvt) Ltd. completed its acquisition of Shell Petroleum Co.'s 67.91% stake in Shell Gas LPG Pakistan Ltd.
Khalid Mumtaz Malik, chief executive of OPI Gas, said, “Given the rising demand for LPG in the country, we are confident that this acquisition will help maximize value for shareholders.”
The acquisition gives OPI Gas horizontal integration with a firm experienced in Pakistan's LPG marketing, he said.
The original share purchase agreement between OPI Gas and Shell Petroleum was signed June 16.