Kot Addu Power Company Limited (KAPCO) and Fauji Cement Company Limited have jointly initiated steps to acquire 84 percent shares of Attock Cement Pakistan Limited.
According to sources, KAPCO informed the Pakistan Stock Exchange about this development on Friday. As per the notice, on January 30, 2026, a Sale and Purchase Agreement (SPA) was finalized between Kot Addu Power Company (KAPCO), Fauji Cement Company Limited (the buyers), and Pharaon Investment Group Limited Holding SAL (the seller). This agreement pertains to the sale and joint control of 84.06 percent of the total issued and paid-up capital of Attock Cement Pakistan Limited.
The completion of the transaction is subject to the buyers issuing a public offer under the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations 2017, obtaining approval from the company’s shareholders, securing clearance from the Competition Commission of Pakistan (CCP), and fulfilling other corporate and regulatory requirements related to the completion of the deal.
Sources said that last year Fauji Cement Company Limited had announced that its Board of Directors approved the plan to acquire a controlling stake in Attock Cement Pakistan Limited in collaboration with KAPCO. Under this arrangement, Fauji Cement will purchase 57,760,000 ordinary shares, representing 42.03 percent of Attock Cement’s paid-up share capital, while KAPCO will purchase an equal number of shares representing the remaining 42.03 percent.
