McCormick targets majority control of Unilever Pakistan Foods

Mettis Global reported on October 21 that McCormick & Company plans to gain control of Unilever Pakistan Foods by buying at least 76.55% of its shares. The proposed purchase covers 4,876,294 shares held by Conopco, Inc., under an agreement; the number potentially available through a public offer has not yet been set.

The Pakistani transaction is part of McCormick’s wider proposed acquisition of Unilever PLC’s food business, with the local offer dependent on regulatory clearances, including Competition Commission of Pakistan approval. A competing offer could also affect the process, and McCormick can withdraw its intention. Unilever Pakistan Foods reported Rs4.34bn in after-tax profit and Rs25.26bn in net sales for 1HCY26; its share closed at Rs25,352 before the notice.