Dawlance acquire by Turkish company for $258 million

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Turkish company Arcelik has said that they will be going to acquire privately held Pakistani company Dawalance for $258 million. According to a research note issued by Deutsche Bank to its clients, one of the subsidiaries of the Turkish company, Are dutch BV, has signed an agreement to acquire three companies based in Pakistan and British Virgin Islands that collectively own 100% shares of Dawlance.

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