Attock Cement Pakistan Limited (PSX: ACPL) Tuesday said that Pharaon Investment Group Limited, Holding S.A.L. sale of its shareholding in the firm remains active and is progressing.
“We have been informed by our majority shareholder, M/s Pharaon Investment Group Limited, Holding S.A.L. that the process initiated for the potential sale of its shareholding in Attock Cement Pakistan Limited remains active and is progressing,” the cement manufacturer said in a notice to the Pakistan Stock Exchange (PSX).
The majority shareholder has communicated that it has received binding offers from more than one prospective investor and is in the process of evaluating the commercial terms of such offers with its advisors, the notice added.
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