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The board of ICI Pakistan approved the merger of NutriCo Pakistan into NutriCo Morinaga, a joint venture with Morinaga Milk Industry and Unibrands, and approved acquisition of 11% of NutriCo Pakistan to increase shareholding to 51%.
“The Board of Directors of ICI Pakistan Limited...has approved the merger/amalgamation of NutriCo Pakistan with and into NutriCo Morinaga (Private) Limited.”mettisglobal.news
Summarized from public sources; check the original articles before acting on it.