Gillette Pakistan Applies for PSX Delisting

Gillette Pakistan Limited has applied to the Pakistan Stock Exchange (PSX) for delisting, following Procter & Gamble’s (P&G) decision to end its local manufacturing operations. P&G, which holds a 91.72% stake in Gillette Pakistan through its subsidiary SABV, plans to buy out minority shareholders by offering Rs216.49 per share for 8.28% of the company’s remaining shares.

The delisting move aligns with P&G’s global strategy to streamline operations and shift toward a third-party distributor model. This change means Gillette Pakistan will cease manufacturing and commercial activities, serving local consumers through P&G’s regional operations instead.

According to the notice submitted to PSX, the restructuring is part of P&G’s global plan to enhance growth and efficiency, which includes reducing 7,000 jobs worldwide and exiting select markets and product categories. Arif Habib Limited has been appointed as the purchase agent for the buyback process.