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PacsCo Nears Cash Shell Status, Begins Search for Reverse Takeover Deals

MT Newswires·07/24/2026 08:55:01
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08:55 AM EDT, 07/24/2026 (MT Newswires) -- PacsCo (PACS.L) said Friday it only has one outstanding requirement before the company will be formally classified as a cash shell following the disposal of its agricultural assets in Mozambique. The agricultural business and civil engineering projects company said it only needs to secure the Bank of Mozambique's acceptance of the notification regarding the assignment of debt funding previously provided to local operating entities in the country. PacsCo's board said it is now actively seeking potential reverse takeover targets.