Fauji Foundation, KAPCO Submit Binding Offer to Acquire Majority Stake in Attock Cement

Kot Addu Power Company Limited (PSX: KAPCO) Tuesday said it has submitted a binding offer, along with Fauji Foundation (FF), to Pharaon Investment Group Limited S.A.L for the approved consideration in connection with the proposed purchase of the seller’s entire shareholding in the Attock Cement Pakistan Limited consisting of 84.06 percent of the total issued and paid-up capital. The offer follows KAPCO’s earlier disclosure on June 3, 2025, and the Public Announcement of Intention issued through Integrated Equities Limited, Manager to the Offer. As per the public announcement of intention (PAI) submitted to the PSX, the acquirers intend to purchase 84.06 percent shareholding with both acquiring 42.03 percent each of APCL.