Fatima Group and Lucky Cement’s acquisition of a 33.33% shareholding each in mining company National Resources Pvt. Ltd. (NRL) has been approved, according to Bloomberg, citing a statement by Competition Commission of Pakistan. NRL has licenses to explore for minerals in Balochistan Province.
Fatima submitted an application to acquire the stake of Reliance Commodities, while Lucky Cement sought Y.B. Pakistan’s shares.