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اردو

Jun 03, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Business & Finance

Chinese steel maker picks additional 24pc stake in Global Switch

Data centre provider Global Switch Holdings said on Tuesday Jiangsu Shagang Group Co Ltd bought a further 24% stake

Parvez Jabri | Reuters Published August 27, 2019

Data centre provider Global Switch Holdings said on Tuesday Jiangsu Shagang Group Co Ltd bought a further 24% stake in the company for 1.8 billion euros ($2.01 billion), making it the largest shareholder with a 49% stake.

Global Switch, which is moving towards an IPO, said the Chinese steel maker confirmed there will be no changes to the company's strategic direction, management or financial and operational policies of Global Switch.

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786 Invest Ltd / Jun 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
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Stock	Price
786 Invest Ltd / Jun 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
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Allied Bank / Jun 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
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