Karachi, Wilmar International Limited, through its subsidiaries, is set to bolster its investment in Unity Foods Limited, a key player in Pakistan's agribusiness sector, reflecting a robust vote of confidence in the country's economic prospects and the company's strategic importance.

According to Unity Foods Limited, Wilmar Pakistan Holdings Pte. Ltd. and Unity Wilmar Agro (Private) Limited, alongside certain shareholders of Unity Foods, have announced their plan to acquire additional shares of the Pakistan-based company. The intended acquisition, facilitated by Arif Habib Limited as the manager to the offer, aims to purchase up to 277,070,908 shares, adhering to Pakistan's legal and regulatory frameworks, including the Securities Act of 2015 and related takeover regulations.

Unity Foods Limited, listed on the Pakistan Stock Exchange, specializes in producing edible oils, industrial fats, flour, and feed ingredients, serving vital sectors like poultry and livestock in Pakistan. The investment by Wilmar underscores the conglomerate's commitment to Pakistan, enhancing the economic ties between the nations and emphasizing the crucial role of Unity Foods in attracting foreign investment and propelling economic advancement.

Wilmar International Limited, established in 1991 and based in Singapore, stands as a leading agribusiness group in Asia, with significant operations and a substantial market presence. The company's extensive portfolio includes activities across various sectors, contributing to its recognition on the Singapore Exchange for its market capitalization and global reach, spanning over 50 countries with a substantial workforce.

The strategic investment by Wilmar in Unity Foods is expected to leverage the latter's market position and operational capacities, promising a positive impact on Pakistan's economy and reinforcing the synergy between the two entities for future growth and development.