Fauji Cement and KAPCO to Jointly Acquire 84% Stake in Attock Cement

Fauji Cement Company Limited (FCCL) has announced that its board has approved a joint acquisition, alongside Kot Addu Power Company Limited (KAPCO), of an 84.06% stake in Attock Cement Pakistan Limited, subject to regulatory and procedural approvals. According to a notice sent to the Pakistan Stock Exchange, FCCL and KAPCO will each acquire 42.03% of Attock Cement’s issued and paid-up capital, totaling 115.5 million shares. The move follows a public announcement of intention made in June 2025 by both companies and Fauji Foundation, with Integrated Equities Limited acting as manager to the offer. FCCL, the cement arm of Fauji Foundation, said the acquisition is aimed at leveraging business synergies within the group. The deal is contingent on the execution of a share purchase agreement, completion of transaction documents, and satisfaction of all regulatory requirements. The acquisition, once finalized, will give FCCL and KAPCO joint control of Attock Cement, one of Pakistan’s leading cement producers. The companies have notified the Securities and Exchange Commission of Pakistan and other relevant authorities of the development.