# ICI Pakistan board approves merger of NutriCo Pakistan into NutriCo Morinaga

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%.

- Type: Acquisition
- Announced: 2021-04-26
- Where: Pakistan
- Status: announced
- Products: infant formula, growing up formula
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [ICI Pakistan](https://endata.com/companies/54735.md) (acquirer)
- [NutriCo Pakistan](https://endata.com/companies/54736.md) (target)
- [NutriCo Morinaga](https://endata.com/companies/54737.md) (acquirer)
- [Morinaga Milk Industry](https://endata.com/companies/54738.md) (partner)
- [Unibrands](https://endata.com/companies/54739.md) (partner)

## Sources

- [mettisglobal.news](https://mettisglobal.news/ici-pakistan-board-approves-merger-of-nutrico-pakistan-into-nutrico-morinaga/), 2021-04-27: "The Board of Directors of ICI Pakistan Limited...has approved the merger/amalgamation of NutriCo Pakistan with and into NutriCo Morinaga (Private) Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.