Cherat Cement, Shirazi Investments withdraw plan to acquire majority stake in Attock Cement

MG News | October 30, 2025 at 05:01 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 30, 2025 (MLN): Cherat Cement Company Limited and Shirazi Investments (Private) Limited have formally withdrawn their public announcement of intention (PAI) to acquire a controlling stake in Attock Cement Pakistan Limited.

The withdrawal notice, issued through Topline Securities Limited, was submitted to the Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP).

The companies had initially stated on June 4, 2025, their intention to acquire up to 84.06% (115,526,349 shares) of Attock Cement’s issued share capital and joint control from Pharaon Investments Group Limited (Holding) S.A.L. Lebanon.

According to the notice, negotiations with the seller could not be finalized, leading to the decision to withdraw the acquisition plan.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,537.25 32.99M	0.22% 384.09
ALLSHR	103,759.67 231.71M	0.27% 282.64
KSE30	51,018.80 7.20M	0.23% 116.82
KMI30	244,392.41 16.61M	0.26% 626.74
KMIALLSHR	67,243.15 148.46M	0.23% 156.12
BKTi	47,684.77 1.49M	0.15% 70.06
OGTi	34,985.68 0.41M	0.38% 131.76

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,545.00	86,950.00 85,385.00	-1045.00 -1.21%
BRENT CRUDE	101.72	101.75 100.22	1.38 1.38%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.10 4.92%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	1.45 1.06%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	93.39	93.42 91.75	1.02 1.10%
SUGAR #11 WORLD	18.38	18.60 18.15	0.14 0.77%