AKD looks to acquire another brokerage.

KARACHI -- AKD Group Holdings Ltd of stockbroker Aqeel Karim Dhedhi said on Wednesday it intends to buy a majority shareholding and control in EFG Hermes Pakistan Ltd, a brokerage house listed on the Pakistan Stock Exchange.

The regulatory filing offered few details about the expected price or the exact shareholding that the potential acquirer is looking for, except that it should be at least 51pc of the company's total paid-up capital.

EFG-Hermes Frontiers Holdings LLC controls a 51pc stake in EFG Hermes Pakistan...

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