Sea Link Group Limited has announced its intention to acquire at least 83.41 percent stake and control of Pakistan International Container Terminal Limited (PICT), in a notice to the Pakistan Stock Exchange.
The proposed transaction includes the acquisition of 79.71 percent shares through agreements and an additional 8.43 percent through a public offer, taking total control beyond the regulatory threshold.
KTrade Securities has been appointed as manager to the offer.
The company has a total issued capital of over 109 million shares, and its stock was trading around Rs. 38.76 per share ahead of the announcement, reflecting rising investor interest in the deal.
Over the years, PICT has seen fluctuating financial performance, moving from strong profitability earlier in the decade to losses in recent years amid changing trade dynamics and operational pressures.
The acquirer, Sea Link Group, is a relatively new logistics and shipping company incorporated in June 2025 in Seychelles with a small initial capital base but backed by Pakistani business interests.
Pakistan International Container Terminal, incorporated in 2002 and listed in 2003, is one of the key container handling facilities at Karachi Port and has historically handled large volumes of Pakistan’s import and export cargo.
The deal is subject to multiple approvals, including from the Securities and Exchange Commission of Pakistan and the Pakistan Stock Exchange, and may be withdrawn if required clearances are not obtained.
