Fauji Cement, KAPCO offer to buy 7.97% stake in Attock Cement

MG News | February 18, 2026 at 03:19 PM GMT+05:00

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February 18, 2026 (MLN): Fauji Cement Company Limited (PSX: FCCL) and Kot Addu Power Company Limited (PSX: KAPCO) have jointly made a public offer to acquire 10.95 million ordinary shares representing about 7.97% of Attock Cement Pakistan Limited, according to filings submitted to Pakistan Stock Exchange Limited today.

The joint acquirers are offering Rs330.41 per share for the stake, with the acceptance window scheduled from April 6 to April 12, 2026.

Payments for accepted shares will be made within 10 days of the closing date.

If shareholder participation exceeds the targeted number of shares, allocations will be made on a proportional basis in line with takeover regulations.

The offer, managed by Integrated Equities Limited, is being made under the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

Shareholders may tender holdings held through the Central Depository Company or in physical form, subject to submission of required documentation by the deadline.

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