KAPCO, Fauji Cement acquire 92.03% controlling stake in Attock Cement

Kot Addu Power Company Limited (KAPCO) announced on Monday that Fauji Cement Company Limited and KAPCO had successfully taken over a controlling stake (92. 03%) in Attock Cement. This was announced in a notice to the Pakistan Stock Exchange today. “We would like to inform that the transaction has been executed today, i. e. on April 24, 2026, upon completion of all contractual conditions and compliance with applicable corporate and regulatory requirements, including a mandatory tender offer under the provisions of the Securities Act, 2015 and the Listed Companies (Substantial Acquisitions of Voting Shares and Takeovers) Regulations, 2017 (Takeover Laws), ” the notice said. On February 26, the Competition Commission of Pakistan (CCP) had approved the proposed acquisition of Attock Cement Pakistan Limited by Fauji Cement Company Limited and Kot Addu Power Company Limited, following a Phase-I competition assessment conducted under the Competition Act, 2010. On February 3, 2026, Fauji Cement Company Limited and KAPCO filed a pre-merger application for the acquisition of a controlling interest in Attock Cement Pakistan Limited from Pharaon Investment Group Limited. Meanwhile, in its notice to the bourse today, KAPCO said they had also acquired 7. 97% shareholding in Attock at such price and subject to such terms and conditions “as were applicable under the mandatory tender offer in accordance with the applicable takeover laws, which was concluded in on April 16, 2026 by Integrated Equities Limited, Manager to the Offer and communicated to the Pakistan Stock Exchange Limited, the Target and the Securities and Exchange Commission of Pakistan by letter dated April 17, 2026. ” Following completion of the transaction, the purchasers now hold approximately 92. 03% of the issued ordinary share capital of Attock, KAPCO added. Fauji Cement Company Limited, a subsidiary of Fauji Foundation, is a publicly listed company engaged in the manufacture and sale of cement and related products. Kot Addu Power Company Limited is a publicly listed energy company engaged in power generation.

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