FCCL, KAPCO completes 92% takeover of Attock Cement

April 27, 2026 (MLN):  Fauji Cement Company Limited (PSX:FCCL) has completed the acquisition of an 84.06% equity stake in Attock Cement Pakistan Limited, following the execution of a Sale and Purchase Agreement (SPA) dated 30 January 2026 between the Company, Kot Addu Power Company Limited (collectively the "Purchasers"), and Pharaon Investment Group Limited Holding S.A.L. (the "Seller").

The Transaction was executed on 24 April 2026 upon fulfillment of all contractual conditions and compliance with applicable corporate and regulatory requirements, including a mandatory tender offer under the Securities Act, 2015 and the Listed Companies (Substantial Acquisitions of Voting Shares and Takeovers) Regulations, 2017.

In addition to the SPA-based acquisition, the Purchasers also secured a further 7.97% shareholding in Attock Cement through the mandatory tender offer, which was concluded on 16 April 2026 and managed by Integrated Equities Limited as Manager to the Offer, according to the company’s filing to the Pakistan Stock Exchange.

The outcome was communicated to the Pakistan Stock Exchange Limited, Attock Cement, and the Securities and Exchange Commission of Pakistan on 17 April 2026.

Following the close of the Transaction, the Purchasers collectively hold approximately 92.03% of the issued ordinary share capital of Attock Cement Pakistan Limited, which is engaged in the manufacturing and sale of cement.

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